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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.

Who's Where: Richard Ferlazzo appointed GM Australia design director

Richard Ferlazzo has been appointed General Motors Australia design director. Taking up the position from 1 September, he will report directly to executive director international operations design Michael Simcoe and also GM Holden chairman and managing director Mike Devereux. Ferlazzo will be responsible for Advanced, Production and Global Contract programs and replaces Andrew Smith who left Holden this month to take up the position of executive director of global Cadillac and Buick design at GM's technical center in Warren, Michigan.

TAG Heuer MP4-12C Chronograph launches

Tag Heuer MP4-12C Chronograph Expensive watches and expensive cars do go together. It’s rare to find a man – or woman, for that matter – with a predilection for exotica on four wheels who doesn’t also lust after fine watches. And fine most everything else.