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Mercedes AMG GT gets new 503 bhp Twin-Turbo 4.0 litre V8 (video)

The new Mercedes AMG GT (pictured) gets the new 503 bhp Twin-Turbo 4.0 litre V8 We’ve speculated that the new Mercedes AMG GT – and, for that matter, futures ’63′ AMGs – will get a new twin-turbo V8 to provide the power as Mercedes look to move away from the naturally aspirated 6.2 litre V8 in cars like the SLS. And this is it. A new 4.0 litre twin-turbo V8 – the M178 engine – has been developed to replace the 6.2 litre V8 and, in initial tune, develops 503 bhp at 6250 rpm and 479lb/ft of torque from just 1750 rpm.

Goodwood Festival of Speed gets a Phantom Coupe

Tom Purves of Rolls Royce handing over a Phantom Coupe to Lord March for the Goodwood Festival of Speed [ad#ad-1] We brought you news of the launch details for the 2009 Goodwood Festival of Speed last week, and today it has been announced that Rolls Royce has lent the Goodwood Festival of Speed a Rolls Royce Phantom Coupe as the official Course Car for this year. Now a Phantom Coupe is not the first car you would think of as a course car. Bit too expensive and not exactly capable of massive feats of performance (although it is, at least intil the Silver Ghost arrives, the most ‘Sporty’ of the Rolls Royce models), but it fits the Goodwood event perfectly.

GM profits surge to $3.2 billion in first quarter

General Motors on Thursday posted net income of $3.2 billion for the first quarter, its fifth straight quarterly profit since emerging from bankruptcy. Stripping out one-time charges and gains, including $1.6 billion in income from the March sale of GM's ownership in Delphi Automotive, GM earned $2 billion before interest and taxes. GM's net income for the January-through-March period a year earlier was $865 million.