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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.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.

CAR Most Wanted of 2014: Land Rover Freelander

By Ollie Kew First Official Pictures 19 December 2013 12:50 Settle down, Range Rover, and your Sport and Evoque cousins. It’s now Land Rover’s turn for a high-tech new 4x4 family, and it kicks off with the new Land Rover Freelander. Except, as CAR reported earlier in 2013, the Freelander replacement will bin that name – and, hopes Land Rover, the moniker’s poor reliability connotations.