11lb sounds like a painful DD. There is a list of components and weights for this car somewhere on this site. Losing weight is for me always a better option then adding HP for overall performance up to a point of course. I watched some show of a group of people stripping down a Toyota corolla or something and that thing actually went pretty damn fast afterwards and they didn't spend any money.
1. What's the purpose of the car?
2. What's the budget.
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