600bhp Hulme CanAm Supercar, Makes the Kiwi Proud

After six years of development, the orange-and-black Hulme CanAm roadster finally saw light at the New Zealand round of A1GP.  Designed for both road and track use, the open top CanAm is a very ambitious project that uses a carbon fiber monocoque, weighs less than 1,000 kg and is fast as hell. With a borrowed 600hp 7.0-liter LS7 V8 engine from the Corvette Z06 mated to a custom built Quaife six-speed manual gearbox, the exquisite ride goes 0 to 62mph in less than three seconds and tops at 198 mph. Available in 2010, the street-legal CanAm is expected to sell in Europe and the Middle East for a whopping $700,000. Definitely worth a spin, isn’t it? [via Jalopnik]