I believe he meant the 1/4 mile in 14.8
There are a number of Modifications that can be done to increase performance, from the Mild to the Extreme
In the Mild Category
Make the car Breathe Better! - Intake and Exhaust (although the Intake is debateble by some)
Then Change the Air Fuel Mixture by adding a "chip"
these should take your HP to 300+ and increase the Torq substantially
These should drop your ET a bit.. lower 14... high 13 maybe...maybe
then you can get really radical!
Rebuild the motor, adding forged pistons, wilder CAMS, Bore and Stroke the motor (all assuming that you want to stay Normally Aspirated i.e. no forced induction - super charger or turbo)
You can alway add a 50 hp shop of nitrous (easy... not good for longevity of motor)
OR
you could add a super charger (approx 12k or so)
OR
Find a wrecked M5 and swap out the motor, harness, etc and plop 400 HP into your car (not too cost effective, but possible to do if you blew the motor from too many nitrous boosts)