After WW2 Packard knew they had to develop an engine to replace their straight 8 and by 1949 they had settled on a cast iron V8 of 269 cu in displacement. It soon became apparent that more was required and by it's release in 1955 it had grown to 352 cu. in. and under pressure from Cadillac (331 cu in) and Chrysler (354 cu in) it was bored out to 372 in 1956. With twin four barrel carbs, the 698 lb engine in the Carribean produced 310 hp. But it all came too late, Packard closed up permanently after 539 units were completed.
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