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Mercedes’ AMG division unveils new twin-turbo V8

Those obsessed with torque bemoaned Mercedes’ high-revving 6.2-litre V8 when it was launched in 2005, but just as the world has come to accept the naturally aspirated engine, the company has now unveiled a new twin-turbo 5.5-litre V8. Up to 563bhp – which is the same as the SLS AMG – and 663lb ft, which is much more than the 479lb ft the modern-day Gullwing supercar manages. The engine is an all-new 5.5-litre V8 (5461cc to be exact) with direct-injection technology, an aluminium crankcase and two turbochargers.

GM to shut down Saab

General Motors will shut down Saab after the automaker wasn't able to conclude a deal to sell the brand to Spyker Cars, GM said on Friday. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time," GM Europe president Nick Reilly said in a statement. "In order to maintain operations, Saab needed a quick resolution.

GM Advanced Design California celebrates 10th Anniversary

On the eve of the 2010 LA Auto Show, GM's California Advanced Design Studio opened its doors in North Hollywood, to celebrate its 10th Anniversary. Based in a former bakery, the studio occupies a relatively small space in North Hollywood/Burbank with studio warehouses and small outbuildings sharing the plot, creating an environment that – if not for the palm trees – could easily double for the artisan workshops of a firm in old Europe. Yet on the night itself, the studio took on an altogether ethereal appearance – light-filled globes floated above the buildings and grounds, casting a blue/white hue across the venue.