A V-12 engine is a type of internal combustion engine with 12 cylinders arranged in a 'V' configuration that enhances performance through reduced length and weight compared to inline engines. V-12 engines have historically been used in luxury cars, aircraft, and racing due to their smooth power delivery and high power output, though they are more complex and costly to produce. Despite their advantages, they are less common in general automotive applications due to size, weight, and cost considerations.