Power and torque are related.
horsepower = torque * rpm/ 5252
So if you have an engine that produces high torque at a relatively high rpm compared to a low rpm, then you get a more powerful engine.
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As an example look at old diesel engines before pd's, they produced a pretty high torque figure of around 130-150 lb ft at around 1800rpm. But as torque quickly drops off after that, they are actually slow as a snail.
So NO a high torque figure on its own will NOT make a fast car, unless this torque is still being produced higher up the rev range like on turbo petrol engines.
VW pd engines are a general exception to this as they will produce 200 lb ft + at 1800 rpm, but as with using the above equation, these diesel engines actually have a HIGH POWER OUTPUT.
BHP figures don't lie, high BHP = fast car