The trick in the statement they posted is, "the coupe's engine" they didn't state which engine. Getting 300hp out of a 3.8L V6 is easy, getting that out of a 2.0L I4 turbo is not so easy. So they're telling the truth, just depends which side of the truth you're rooting for. As far as it keeping up with the E46, doubt it highly, then again, they have some pretty fast cars in Australia so i wouldn't be falling out of my chair if they kept up with the E46 (they're lead designer and engineer are both Germans after all).