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One Lap of the Web: Rags to riches, Beetles to Porsches

-- Joseph MacDonald parked his 1965 Beetle in front of a restaurant 41 years ago, and that was the last time he saw it. He might yet see it again today, as his stolen car -- now painted white, and with even more rust -- will reunite with him, through the providence of border patrol officers actually performing some due diligence. Jason Torchinsky -- who knows a thing or two about stolen Beetles -- notes that he was lucky enough not to have waited 40 years for his car to come back.

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.

Lotus Cars prepares to hire Lutz, Purves as advisers, sources say

Lotus Cars Ltd. is poised to tap former General Motors Co. product guru Bob Lutz and retired BMW executive Tom Purves to advise the British niche carmaker on a five-year turnaround plan.