The former 'Top Gear' host has secured a deal with Amazon Prime to create a new show with his co-presenters Richard Hammond and James May after he was fired from 'Top Gear', but is yet to decide on a name for the programme.
James explained: ''It will start roughly in the autumn of next year but we haven't got an exact date yet. We don't know what it's called yet because we've had a lot of brain storming sessions on names and it's actually very difficult to come up with a new name that hasn't already been bagged by someone else.
''We've done some filming, but we've had to start from scratch.''
The programme is costing £160 million to create according to the Financial Times but the 52-year-old car enthusiast insists the budget is worthwhile.
He said: ''Yes [the budget] is quite big, but it does cost a lot of money to make very high quality TV in exotic locations. So although everyone thinks we've been given a massive sack of money and we've all gone off and bought Lamborghinis but it isn't actually like that. We don't get all the money in one go and a huge, huge proportion of it has to go on making the films. It just can't be done cheaply and we want it to look brilliant.''
And although they'll be going to head to head with 'Top Gear' when it returns in the spring, presented by Chris Evans, he is looking forward to the competition.
He told ITV's 'This Morning': ''They'll be on before us.
''I think the really interesting thing about it is I think it's going to be very healthy having two big international car programmes because this is the thing that people don't realise, I think it's actually very good that we now have a credible rival, and that the two can spur each other on.'