As you can see, i´m from Argentina and let me tell you, Torinos here are still alive and well, there are 2 of them racing in Turismo Carretera (the most popular closed course category here, because of the old cars, at least in looks), but they use Dodge Cherokee engines because the tornado was banned many years ago, it was getting really powerful, and development stopped somewhat, but regional classes still race with them, and hopped up cars can be seen everyday here, including some in 1/4 mile action (i´m living in Buenos Aires right now), and a couple months ago i saw a guy do a 11 flat second pass, his coupe was turbocharged and had nitrous, but still was all steel (including bumpers), and he drove to the track like a regular car!!!
Many performance parts like cams, intakes, pistons, etc...are available here.
Martín