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Underground Racing Lamborghini cracks 250 mph--watch the video

Earlier this year, we told you about Underground Racing, a shop in Charlotte, N.C., that makes a business out of upgrading Lamborghinis with twin turbochargers to boost engine output to more than 1,000 hp. Now, a Lamborghini Gallardo Superleggera upfitted by Underground Racing cracked the 250-mph mark at the Texas Mile event. Car owner Richard Holt made the 250.1-mph run in late March, but video was posted just this week.

Lamborghini looks ahead to a new year and a new Murci

A year of transition promises to give way to a year of renewal for Lamborghini. It's hard to say 2010 was a bad year for the iconic Italian automaker, as it still created a major buzz on the auto-show circuit and its sales were down only slightly. But all signs point to 2011 as a new beginning for Lamborghini.

Mercury lives--on the auction circuit

James Dean famously drove one in Rebel Without a Cause, and perhaps Mercurys have never been cooler. That was more than 50 years ago and the brand is now on the verge of extinction. But as Plymouth, Pontiac and even Edsel have shown, some brands have legs that stretch long after new cars are gone from dealerships.