This Pontiac Pegasus was one of the dreams of General Motors' design chief, Bill Mitchell. His efforts produced a parade of memorable concept cars and custom cars. This concept car is powered with Ferrari V12 drivetrain, hardware and gauges. The engine, a 365 GTB/4 (Daytona) V12, was offered by Enzo Ferrari and sealed the deal for this concept car.
The powerful engine was first coupled to a GM Turbo-Hydramtic only to find out the three-speed was ill-suited to the highly strung engine. A Ferrari five-speed, likely from a 365GTC/4, was eventually installed. It was also suggested Luigi Chinetti's race team had a hand in setting up the 4.4-liter competition motor with high-overlap cams and big-bore Weber carbs.
This 3,834 pound Pegasus accelerates like a Ferrari Daytona with an extra passenger aboard, and a modest throttle opening in third gear will cause the tires to scratch.