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Porsche is developing a new four-cylinder engine set to power entry-level model

High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.

Hennessey Performance boosts McLaren MP4-12C

Hennessey Performance Engineering has a new power package for the McLaren MP4-12C. For $19,500 (plus the base price of the car, obviously) it pushes output to 704 hp and 538 lb-ft of torque. That's an increase of 88 hp and 96 lb-ft.

Porsche 911 50 Years Edition (2013) at Frankfurt motor show

Here’s the inevitable special edition 911 to celebrate Porsche’s rear-engined icon’s half-century. The 911 50 Years Edition uses the Carrera 4’s 44mm-wider-than-standard body, rear-wheel drive and the Carrera S’s 395bhp 3.8-litre flat-six engine in either seven-speed manual or PDK form. In a nod to the 911’s birth year, only 1963 examples will be produced, each costing a cool £92,587 – a £10k premium over the Carrera S.