it will fit but its the limit, i dont think i would do it personally if you are gonna be pushing those tires hard around corners, dont want to pop a beed and the tire come off the rime Plus you get more flex, a 245 might do better.
__________________ 2003 REDFIRE COBRA #3938 of 5082 @ 05/27/2003 1 of 414
MGW Shifter, Stingers, JLT, SS Inserts, MM FLSFC & CC Plates, SS Lines, H&R Race springs, IRS Brace, MRT Hood Struts ME.com Member #29 - 400rwhp/380rwtq
heres a few pics of my extra pair of rims with 275/40s
EDIT* scratch that only 1 of them isn't too big..anyhow you get the idea. its not a huge bulge, but i think it would flex a little more than you would want to as far as autocrossing.