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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.

BMW 7-series models hit by recall

The National Highway Traffic Safety Administration has issued a recall of 45,500 BMW 7-series sedans in the 2005-2008 model year range. The recall, which has its origins in a NHTSA investigation initiated in August 2011, addresses a software malfunction that may cause vehicles to roll away when parked. A glitch in the BMW Comfort Access keyless-entry and ignition system is responsible for the problem.

BMW adds performance edition for 3-series

In politics, power comes with privilege. In the car world, power comes with a price. And in the case of the 2011 BMW 3-series, it can be specified for $550.