It was back in July when we first reported the Dagger GT, a 2000 horsepower hypercar intending to re-write the record books, was in development. The claims being made were a bit unbelievable and we were expecting the project to evaporate into oblivion.

Five months later not much has changed, except a new rendering (7 high-res photos attached) showing some subtle design changes. Ok, it's not much to go on, but the changes suggests work is being done. 

Still skeptical until we see something more concrete, here's what we know of the Dagger GT so far: The Dagger GT is an ultra-super supercar being built by a dream-team of engineers put together by TranStar Racing which include aerodynamics experts formerly with NASA and the designer of the Saleen S7. TranStar has promised the car will break just about every record around, included the prestigious Nürburgring Nordschleife track time.

The design is based on the Corvette Cheetah concept with carbon fiber body panels on a 4130 Chromoly Steel chassis.

Under the hood?

A 572 multi-fuel (petrol/methanol/hydrogen/ethanol) twin turbo racing unit from Nelson Racing Engines (makers of the of the 1800 bhp Mosler Red Devil) producing a whopping 1,491 kW (2,000 bhp / 2,028 PS). Torque peaks at 2,710Nm (2,000 lb-ft) and the gearbox is a TranStar/Mendeola 6-speed transmission.  TranStar has recently added that a 2500 bhp option is available!

Times promised?

0 to 60 mph (96 km/h) in 1.5 seconds. A top speed of over 483 km/h (300mph). Quarter-mile in under 6.7 seconds. Very American, a good time on a straight-line, but how will it handle the 160 turns on the Nordschleife?

Prices will be $450,000 (€360,000). Only 5 units will be made available in 2011 and 10 units will be assembled and sold in 2012.

Gallery: Mad with power - the 2000 hp TranStar Racing Dagger GT latest renderings [video]

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