Affectionately called by some "baby rolls", the model is expected to get its own distinct platform and will not be modeled after the BMW 7-Series or the Phantom. It hasn't been decided yet what engine will power the car but options include a V12 used in the Phantom, an existing engine from BMW, or an all new engine.
The new model will be produced at a plant in Goodwood in the United Kingdom and will be priced between $250,000 to $300,000. Don't expect to see it out on the roads until 2010.