UPDATE: Raising the RUF: Cayman-Based Tuner to Top Out at 224 mphS

Get thee to the UAE. Later today, the Porsche tweakers at RUF will introduce the company's new Porsche Cayman tuner, the CT3, at RUF's new plant in the United Arab Emirates state of Bahrain. The CT3 gets its new lightness from aluminum and carbon-fiber body panels, and employs the same powerplant as RUF's 911 RT12 rocketship — that is a 3.8-liter, twin-turbo flat six producing 700 hp and 656 lb-ft of torque. Word is, the a seven-speed sequential automatic will put power to road. Top speed is projected to be in the fleeting neighborhood of 224 mph. What price madness? Figure 300,000 all told. We'll know more soon, but click through to see the invite VIPs got.

UPDATE: Raising the RUF: Cayman-Based Tuner to Top Out at 224 mphS

Press Release:

"RUF announces 360KMH Porsche Cayman-based CTR3

Exactly 20 years after we saw the original CTR, German tuning house RUF has announced the introduction of its third generation CTR3 coinciding with the launch of its new plant in Bahrain. The latest version will be based on the Porsche Cayman and like the original, the CTR3 will be one of the fastest Porsches on offer when it's released.

Starting with the Porsche Cayman body, RUF has utilized racing technologies first seen on its 911-based RT12 offering. Powering the CTR3 is a twin-turbo 3.8L flat six engine pumping out 700hp at 7,000rpm with torque topping out at 890Nm. To save weight its developers added several unique body panels made from lightweight aluminum and carbon-fiber as well as a new lattice tubing spaceframe. Drive is sent to the wheels via a rumoured seven-speed sequential automatic gearbox that's said to allow the CTR3 to reach a top speed of 360km/h.

When the original CTR was released in 1987, it out-performed many of the supercars of its era including cars like the Ferrari F40, Lamborghini Countach and even Porsche's own 959. The CTR3 is set to do the same but won't come cheap as pricing is expected to fall around the 300,000 mark."

RUF announces 360KMH Porsche Cayman-based CTR3 [MotorAuthority]

Related:
RUF Showdown: RT12 vs R-Turbo; Jalopnik Fantasy Garage: RUF RT12; Veyron vs. Ruf; Flying the RUF Porsche 911 Yellow Bird on the Nurburgring; StudioTorino and RUF Do it Again: The RK Coupe [internal]