Recent report indicates Rolls-Royce is working on a V16-powered roadster due in 2017.

Recent report indicates Rolls-Royce is working on a V16-powered roadster due in 2017.

CAR says Rolls-Royce is planning to expand its lineup and is currently developing a V16 roadster which should be out sometime in 2017. The engine is expected to develop at least 700 hp (522 kW), but the vehicle's emphasis won't be on top speed as it will still be a true Rolls-Royce, focusing on luxury, refinement and premium craftsmanship.

The vehicle is envisioned as a two-seater featuring a soft-top insulated roof with an aluminum spaceframe chassis which will be based on the next generation of the Phantom out in 2016.

In addition, Rolls-Royce is planning an SUV as a response to Bentley's upcoming Falcon which has been reportedly approved for production.

Until then, Rolls-Royce will be unveiling the Wraith (Ghost Coupe) next month at the Geneva Motor Show.

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