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Underground Racing Lamborghini crashes at Texas Mile, driver survives

WITH VIDEO -- Underground Racing, the Charlotte, N.C., tuning shop that broke the 250-mph mark with a twin-turbo Lamborghini Gallardo in Texas last spring, saw that car crash on Oct. 23 after making another run at the Texas Mile high-speed challenge. Video of the run, posted on YouTube, shows the orange Gallardo passing the 1-mile marker on the closed runway, deploying a parachute and veering to the right and off the runway.

New gadget immobilises cars with electronic pulse

Mitsubishi It might sound futuristic, but British technology company E2V has developed a prototype gadget capable of remotely stopping a car using a burst of electromagnetic radiation. Although it does appear to be a piece of equipment from the ‘James Bond bad guy’ locker, this technology really does work and could be used by police forces in the future. On Bing: see pictures of speeding carsHow motoring convictions affect your car insurance So bank robbers beware – even speeders, too.

More executive upheaval as GM changes CFO

Chris Liddell, the onetime executive hotshot hired from Microsoft and rumored to be a candidate for CEO, is leaving General Motors on April 1. The 52-year-old will be replaced by Dan Ammann, 38, who is GM’s treasurer. Liddell oversaw GM’s historic return to the stock market last year after its 2009 bankruptcy.