It looks like no one told the guys at GM Performance Parts that oil prices are now at record highs because early next year they’ll be launching a modern interpretation of the classic 427 ZL-1 V8 engine. The new big-block will have a price tag of $20,000 and only 427 examples will be made. The engines will be constructed from the original tooling used during the late 1960s, which was recovered recently when a GM Racing team member spotted it in a Michigan scrap yard.
Like the original 7.0L monster, the new V8 will be rated at 430hp and 610Nm (450lb-ft) of torque, reports Ward’s Auto. The original engines were used for a number of special Camaros and Corvettes, which today can sell in excess of $1 million so this new engine should be extremely desirable.
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