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Lamborghini reveals 2011's new V12 supercar engine

Lamborghini today announced the first details of its new V12 engine and transmission, which Lamborghini president and CEO Stephan Winkelmann promises will be 'the strong heart of the Murcielago successor next year.' It's to be the first clean-sheet Lamborghini engine since the original V12 first appeared in the 350GT, nearly 50 years ago. Lamborghini is keen to promote the low weight yet high performance of the new V12, which produces 700bhp yet tips the scales at only 235kg. Sant'Agata has also announced a new transmission for the Murcielago successor.

MINI Baker Street and MINI Bayswater arrive

MINI Bayswater and MINI Baker Street Two new MINI Special Editions named after London districts arrive in the form of the MINI Baker Street and MINI Bayswater. MINI decided around this time last year that they would name all future limited editions after London districts, since which time we’ve had the MINI Hampton and MINI Pimlico followed by the MINI Soho and even the MINI London to get a bit of extra mileage out of BMW’s Olympics 2012 sponsorship. And now we get the MINI Baker Street and MINI Bayswater.

Chrysler vows to rebuild SRT

Ralph Gilles promises that Chrysler Group will be "very choosy" about the cars and trucks that get the SRT performance badge. Gilles, recently named head of SRT, is charged with rebuilding the SRT unit, which languished when Chrysler was owned by Cerberus Capital Management. Three new SRT vehicles, versions of the Dodge Charger and Chrysler 300 sedans and the Jeep Grand Cherokee, will arrive in dealerships this fall, joining the Challenger SRT8.