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I don't think it's a requirement to be a "production car" but note there is no airbag. That means the car has not been through any level of crash testing.
I believe there is a new law (2011 ish) that allows specialty manufacturers to produce cars as long as they are using certified engines under 1,000 units per year.
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"Speed, it seems to me, provides the one genuinely modern pleasure." - Aldous Huxley
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