Chevrolet has released details on the fifth-generation small block V-8, destined for use in the new C7 Corvette. The base LT1 6.2-liter V-8 will make 450 horsepower and 450 pound-feet of torque, enough to get the new Corvette from 0-60 mph in under 4.0 seconds. Thanks to direct fuel injection and cylinder deactivation, it will return up to 26 mpg on the highway, too.

After months of rumor and speculation following the termination of former CEO Dany Bahar, the CEO of Lotus’ parent company is discussing future plans for the storied sports car brand. We’re glad to hear they include new models, and don’t include a potential sale of the brand.

Austin, Texas, will welcome the return of Formula One to the United States in just a few weeks, and we’ve got video of Mario Andretti, Jerome D’Ambrosio and Patrick Dempsey lapping the fast-and-flowing circuit, complete with commentary.

You'll find all of this information and more in today's car news headlines here at Motor Authority.

Corvette C7 Engine Details

Lotus’ Parent Talks Future Plans

Lap Austin, Texas’ Circuit of the Americas

Ford Shows F-150 Models At SEMA

GM and PSA Peugeot Citroen Announce New Projects

Kyle Busch Shows Off His Rowdy Toyota Camry

Renault Talks About 2014 F1 Engine Rules

Ford Announces Its First Mustang Customizer Winner

2014 Infiniti G37 Spy video

1963 Corvette Pilot Car Heads To Auction


Follow Motor Authority on Facebook, Twitter, and Google+.