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New V12 engine set to power baby Rolls-Royce

Rolls-Royce said Monday that the upcoming production version of the 200EX concept car revealed at the Geneva motor show earlier this month will be powered by turbocharged 6.6-liter V12 engine. Part of a new family of gasoline engines developed by parent company BMW--among which is the turbocharged 4.4-liter V8 used in the 7-series--the new four-valve-per-cylinder engine receives the latest in direct-injection technology and is claimed to produce in excess of 500 hp. With the smaller V8 developing 442 lb-ft of torque in the range-topping BMW, the new V12 destined for the price-leading Rolls-Royce is expected to be in the vicinity of 553 lb-ft--something that should ensure what the British carmaker likes to refer to as traditional waftability--in other words, relaxed cruising.

Designer Paul Smith launches exhibition

DESIGN GURU Sir Paul Smith has given a glimpse into his world with a re-creation of his office forming part of a new exhibition dedicated to his work. The fashion star takes centre-stage at the Design Museum in London for the next four months with items from his vast archive on display. Sir Paul was at the launch today, posing alongside colourful life-size cardboard cut-outs and showing off sketches, designs and other paraphernalia from his lengthy career as one of Britain's best-known creative forces.

Volkswagen's U.S. boss talks Beetle, future plans

It's been a crazy week for Volkswagen and U.S. chief executive Jonathan Browning. On Monday, the 2012 Beetle was revealed after great anticipation at gala events in New York and Shanghai.