After the Packard trademark went unclaimed for years, in 1978 coachbuilder Budd Bayliff re-registered the name to affix to his line of modified GM coupes and sedans. In 1992, and Bayliff sold the Packard name for $50,000 to Roy Gullickson, a former engineer at White Motor Car Company and Massey-Ferguson.
Gullickson plan was to raise $30 million dollars over three years and build nearly 2,000 cars per year, retailing for $160,000. The concept never got entirely off the ground but one prototype was built at a production cost of $1.5 million.
Based on inspiration from the 1941 Packard Clipper style, the Packard Twelve features an all-aluminum body, aluminum space-frame chassis, all-wheel-drive, and a power plant fit for a Packard. Under the hood sits a 525 cubic inch Falconer racing V12 engine, rated at 440-horsepower, and attached to a GM 4L80E automatic transmission and Borg-Warner transfer case.
Zero-to-60 is measured at 4.8 seconds, and the quarter-mile is reported to take a respectable 12.5 seconds. Considering that the Packard tips the scales at 3,750 pounds, that's not too bad!
