01/30/08: Updated the Car List (red items below) and a slight modification to the specs.
A major Tip of the hat goes to
Drift2XL for the primary development of this class - he has busted his ass.
The Following is the opening post from his thread concerning this project.
There are specs and discussion in that
thread and you are invited to go read and come up to speed on development to this point. Any further discussion of the ins and outs of this class should be conducted in that original thread.

Blooze
The "Glory Days" of American road racing are back. Welcome to the the
Late Model Muscle Series. (LMMS)The old cars are getting hard to find, and a whole lot of people are to scared to let their $40,000 muscle cars out on a track to get bent up. So let's get some new ones that we aren't afraid to get scratched up.
Right now the cars list:
'07 Shelby GT500
'05 Ford Mustang GT
Dodge Challenger Concept
'06 Dodge Charger SRT8
Dodge Viper ACR
Chrysler Crossfire SRT6
Cadillac CTS-V
Vauxhall Monaro
Pontiac GTO
'02 Chevrolet Camaro SS
Lexus SC430
Lexus Foose/Millen IS430 project
Infinity G35
Panoz Esperante GTLM
Chevrolet Corvette Grand Sport
Chevrolet Corvette C5 Z06
Saleen S281Rules:Cars must not exceed A Class 850 PI maximum.
Cars must weigh more than 3000 lbs. 3000 lbs minimum.
Cars must race on slick tires. There is no tire sponsor, so any brand you wish to choose. But must be slicks.
Cars must not have more than 600 horsepower. If your car is found to have more, expect penalties.
Rules:- Cars must not exceed A Class 850 PI maximum.
- Cars must weigh more than 3000 lbs. 3000 lbs minimum.
- Cars must race on slick tires. There is no tire sponsor, so any brand you wish to choose. But must be slicks.
- Cars must not have more than 600 horsepower. If your car is found to have more, expect penalties.
- The Downforce restriction has been removed.
The car list and rules are not entirely written in stone. This is a new specification and it will require a few tuning challenges and online races to get all sorted out.