At present the regenerative, low-pressure, 2-shaft gas turbine seems to be the generally accepted cycle layout for automotive applications. The performance of such an arrangement in its simplest form is assessed with regard to sfc (especially at part load), engine response, torque characteristics, and engine braking capability. The application of variable geometry, e.g., movable power-turbine nozzles, can be used to reduce part-load sfc in addition to providing engine braking. A more drastic approach towards improving performance to meet automotive requirements is described in this paper. The addition of a “turbocharger,” two freewheels, and variable high-pressure turbine nozzles results in an increased specific output, decreased fuel consumption, a higher torque ratio permitting a simplified transmission, and a major braking capability. Significant features of this 3-shaft arrangement include the retention of a comparatively low design pressure ratio and a novel method of maintaining adequate engine response.