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If it originally came with "H" rated tires - then the speed limiter was set at the factory for 118.
You sure its not cutting out at 118 instead of 110???
ya it's not cutting out it continues to accelerate, i've had it over 130 on the dyno and with the gps. I've logged it with hp tuners and u can see the computer does log anything greater than like 115, no matter how fast ur going