Peregryn bought the Ultima design and tooling, moving assembly to the US.
The GT-R targets roughly 700 horsepower from GM LS- or LT-series V8s.
Peregryn says the GT-R can match Corvette ZR1 pace.
A new name is muscling into Corvette territory. Peregryn Automotive is shifting production of the GT-S and GT-R to the United States after buying the intellectual property, rights, and tooling for the Ultima kit-car range, and it plans to drop a General Motors V8 behind the seats to go after the new Chevrolet Corvette ZR1 on pace and drama.
This is not a mass-market play. Peregryn is talking about small-batch builds, a sequential gearbox, and a…
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