The whole circuit will be based on an Atmega328 microcontroller, because they're cheap and seem like a good starting point for learning about microcontrollers.
The odometer digits are driven by two MAX7221 display drivers. The speedometer gauge needle will be driven by a Switek x27 stepper motor, which will be controlled by an L293D motor driver IC. I plan to measure dstance traveled by mounting a diametrically magnetized ring magnet to the spindle that used to drive the mechanical gauge, and recording its motion using a US3881 Hall effect latch IC.
Love the 2002--looking forward to seeing how this project changes the aesthetics of the classic instrument cluster. Phase II: S14 swap? ;-)