Porsche has a new V8 based loosely on the architecture of Audi’s turbo 3.0-liter V6, according to Car and Driver.Porsche unveiled a new twin-turbo V8 engine at the 37th International Vienna Motor Symposium yesterday.

According to a report from Car and Driver, the engine will underpin future V8 applications across the VW group and could find its way into various Audis, Bentleys, and even the Lamborghini Urus. We expect to see it first in the 2017 Porsche Panamera. The engine makes 549 horsepower and 567 pound-feet of torque, or 21 hp less than the 4.8-liter twin-turbo V8 in the Panamera Turbo S.

Welcome to the brave new world in which Porsche is a more-integrated part of the VW group. While the new engine puts out impressive numbers, it likely means that the Porsche-exclusive 4.8-liter is headed for the history books. Component sharing is nothing new – Porsche already uses other VW Group engines in its lineup – but it means the flat-four and flat-six engines in the 718 Boxster/Cayman and 911 will be the only unique powerplants remaining in the Stuttgart automaker’s offerings.

According to C/D, the new engine features cylinder deactivation and is optimized for future hybrid applications. It also consumes 30 percent less fuel than its predecessor, and will mate to both an 8-speed automatic and ZF’s dual-clutch 8-speed. Along with next Panamera, Porsche is also likely to use this engine in the Cayenne. A representative of Porsche North America was unable to provide any official information to Carfilia. If you’re hungry for more details, .