Car and Driver had an article on it. It was a Ultima GTR fitted with a LS1 V8 (from C5 Corvette): 345 hp, OBD 2, stock GM fuel injection and management. The car weighed around 2300 lbs. 0-60 time was 3.3 seconds. A guy in California had an operation where he sold the rolling chasis for around $100k. For $40k more he'd fit the motor (of your choice) and the tranny (5 or 6 speed Porsche). The other engine option he offered was a built Chevy 350 (carb) with 500 some HP that can propel the car to the 200 mph mark. I think the guy's business has folded since. Ultima's UK site no longer has any mention of the guy (Mike Mullins) and is telling US customers to deal directly with them.
The Car & Driver article is here: http://www.caranddriver.com/article....rticle_id=3430
Can you imagine taking one of these babies on the interstate? A Ultima GTR with a turbo'ed LS1....mmmmm yummy.