To be honest that video shows what is wrong with a lot of sounds in GT.
That V8 sounds 'dirty' like an old fighter plane or a tank. Most GT sounds where the right sample is used are 'clean', you don't get any of the rumble, the rattling and general distortion.
As for the OP, as far as I can tell the Nike One was the first VGT-like car in Gran Turismo.