GM cancels V8 program for its luxury cars

GM said today that it has canceled plans to build a new advanced double overhead-cam V8 engine for its luxury cars. GM said a year ago that it would be investing $300 million in its Tonawanda, N.Y., engine plant for a new V8 engine. The engine was scheduled to start production in 2009 and was to be used in GM’s luxury cars.
GM’s powertrain spokesman said that the project is now completely dead, making the future of V8 Cadillacs...
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