A new report suggests HSV is plotting a special edition GTS Maloo set to become the quickest ute ever.

A new report suggests HSV is plotting a special edition GTS Maloo set to become the quickest ute ever.

In development during the last four years, Holden's secret project will be the last hurrah of the firm's local manufacturing since General Motors will shut down Aussie production facilities by the end of 2017 but the HSV will live on. Until then, a locally-made GTS Maloo special edition will be launched in a limited series of around 150 units.

Power will come from a supercharged 6.2-liter V8 engine taken from the HSV GTS Sedan where it delivers 580 bhp (433 kW) and 545 lb-ft (738 Nm) of torque. It will be matched with both manual and automatic transmissions together with an uprated differential and tail shaft. It is believed the GTS Maloo ute will get a retuned version of the regular model's suspension rather than the HSV GTS Sedan's magnetically-controlled suspension as a measure to maintain a minimum cargo-transporting capacity.

Performance figures are not available at this point but these should be better than those of the Maloo R8 which back in 2006 reached a top speed of 168.66 mph (271.44 km/h), thus becoming the fastest ute in the world.

The HSV GTS Maloo special edition will likely be introduced before the end of the year and should cost around 85,000 AUD (78,800 USD).

Note: 2007 HSV Maloo R8 Ute pictured

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HSV GTS Maloo special edition to become world’s fastest ute - report