Peregryn Automotive is bringing Ultima's supercar production to America, with the GT-R promising 700 hp and a featherweight chassis.
The company has acquired the intellectual property, rights, and tooling for the entire Ultima Cars range.
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Led by Chris Eby and Mike Ellis, Peregryn will build two models in the U. S.
: the GT-S and the GT-R.
The GT-S is the road-focused version, producing over 500 hp and topping 200 mph.
It offers a choice of digital or analog dashboards, catering to owners who want a less punishing drive off the track.
The GT-R, however, is the track weapon. It targets up to 700 hp and weighs around 2,100 lbs dry.
Track-focused suspension, a sequential gearbox, race electronics, and a carbon-fiber aero package generating over 1,200 lbs of downforce are standard.
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AP Racing brakes bring it from 100 mph to a stop in 3.6 seconds.
Both cars use Chevrolet LS or LT-series V8s, a practical choice that gives owners access to a vast performance aftermarket.
This is a significant shift from Ultima's kit-car heritage, as Peregryn will sell fully assembled cars.
Pricing starts around $195,000, placing it in Corvette ZR1 territory.
While the Corvette offers a dealer network and warranty, the Peregryn GT-R provides a low-volume, Le Mans-style V8 missile that weighs less than a Miata.
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Production ramps up in March 2027, with first deliveries expected in April or May.
