I know this is a fairly old post, but have some info someone might like.
As stated, it's a Kaiser-Jeep design. Mechanics didn't like it because it was different and they were fearful of the long timing chain. First US OHC engine since the big Duesenberg in-line eights. Not sure if Deusies used chain or gear drive, but not many mechanics saw those! The OHC was unique in that it only had ONE LOBE per cylinder. The lobe was double ended and operated both vlaves. This limited cam design somewhat, but it still worked fine.
In 1965 production of the engine moved to Argentina. Jeep only used it in FSJ Wagoneer/pickups through mid 1965. Some sources list it for the military derivatives (like the M-715) through 1969. I'm not sure if Kaiser sourced engines from Argentina or continued making military engines in the US.
It was used in the IKA Torino built in Argentina (a 1964 Rambler American/Classic cross breed -- American front and rear, Classic center/wheelbase; unique grille, dash, and extended front support rails -- effectively "subframe connectors"). Three cars were entered in the 1969 Nurburgring 84 hour race and won their class (3.8L). In 73 the block was changed to seven main bearings instead of four, and cam changes occurred over the years. The car was made through 1982. Top power was 220 hp for the three side draft Weber version. It was popular through the 80s and at least early 90s with Argentine racers, and can still be found racing there.
Want more? See
http://www.ramblerrogue.com/torino1.htm