They have two interesting projects on-going, both revolving around VW Jetta/Golf. One is a bolt-on truck/ute conversion for the A4 Jetta and the other is a mid-engine kit car using either a 1.8T or VR6 from a Jetta/Golf.
Nobody uses PNG anymore except for silly Apple fanboys. This is the same guy who co-founded Factory Five Racing and Local Motors.