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HOLDEN’S engineering chief has flatly rejected reports that the company is developing a V12 engine and platform for a new flagship Cadillac model that would rival the Mercedes-Benz S-class.

“It’s definitely not happening,” Holden’s executive director of engineering Tony Hyde told GoAuto this week.

The automotive world has been buzzing in recent days over reports quoting General Motors vice-chairman Bob Lutz as saying that development work is “well under way” in Australia for the car, which would be based on the Sixteen concept shown at the 2003 Detroit motor show.

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