Next Corvette to have all new 5.5 liter 440hp V8?

Motor Trend, citing a source inside General Motors, is reporting that the next generation Corvette will sport an all new motor. Naturally, this motor will be a V8, it just won't have the large displacement of the current 6.2 and 7.0 liter engines.

This next generation small block will find its first home in the next Corvette, the results of an $890 million dollar investment on GM's part. It will feature an aluminum block and heads, direct injection, and a new combustion system to improve efficiency.

The reported new engine will displace 5.5 liters, and produce around 440 horsepower. While this isn't an earth shattering number, one would certainly expect the next Corvette to be lighter than the current model.

2011 Dodge Challenger SRT8 to hit 480hp?

With the horsepower wars hitting their stride (with even Hyundai possibly joining the fray, the good looking but heavy Dodge Challenger needs a little boost in power to keep up with Ford and Chevy. And rumor has it that this is exactly what the updated 2011 Dodge Charger will receive, with the SRT8 potentially receiving a bump of 55 horses to 480.

According to Allpar, the car will also receive an 8 speed automatic transmission, the R/T will keep the same power levels, and the V6 motors will receive a 40hp bump to gain a total output of 290hp and 270 lb-ft of torque. Other changes are minor cosmetically and structurally, and you can check them out at Allpar's site.