The fifth generation Rolls-Royce Phantom was introduced in 1959. Known as the Phantom V, the fifth gen Phantom was the first generation to feature standardized coachbuilt body styles, as notable Rolls-Royce coachbuilders James Young and Park Ward has been purchased by Rolls-Royce. The Phantom V was an ultra luxury car, that was fitted with a 6.2L V8 engine, and was in production until 1968. The Phantom V was replaced by the Rolls-Royce Phantom VI.