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Mercedes AMG GT gets new 503 bhp Twin-Turbo 4.0 litre V8 (video)

The new Mercedes AMG GT (pictured) gets the new 503 bhp Twin-Turbo 4.0 litre V8 We’ve speculated that the new Mercedes AMG GT – and, for that matter, futures ’63′ AMGs – will get a new twin-turbo V8 to provide the power as Mercedes look to move away from the naturally aspirated 6.2 litre V8 in cars like the SLS. And this is it. A new 4.0 litre twin-turbo V8 – the M178 engine – has been developed to replace the 6.2 litre V8 and, in initial tune, develops 503 bhp at 6250 rpm and 479lb/ft of torque from just 1750 rpm.

People's Car Project concepts showcased

Volkswagen is currently showcasing three of its vehicle and technology concepts created under the ‘People's Car Project' at this year's Beijing auto show. The Hover Car, the Music Car and the Smart Key concepts – created by users of the website, which has seen 33 million visitors – are just three of more than 119,00 ideas submitted, leading the project to be indefinitely extended as Volkswagen uses the findings to influence its future design strategy. The ‘Hover Car' is an environmentally friendly two-seater city car that, unsurprisingly, hovers above the ground.

GM to build eight-speed transmission in Toledo

General Motors is directing $204 million of a $2 billion investment in its U.S. plants toward building an eight-speed automatic transmission in Toledo. Automakers are turning to transmissions with more gears to meet more stringent fuel-economy regulations.