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Hennessey Venom GT hits 265.7mph for new world top speed record (+ video)

The Hennessey Venom GT – an American, Lotus Elise-based supercar – has clocked 265.7mph for a new world record top speed for a production car. The world top speed record for a production car has been held by the Bugatti Veyron (well, the Veyron Super Sport) at 258mph, but that’s a ‘limited’ speed for its production cars. The Veyron Super Sport actually hit 267.81mph at VW’s Ehra-Lessian track (it actually hit 269.8mph one way) but because production cars are limited to 258mph the higher speed doesn’t count.

Ford cuts CEO's compensation 37%

Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.

Historic Celebration On Track For Bumper Year

SUMMER might be a distant dream but the organisers of this July's Silverstone Classic historic race meeting already have a reason to be cheerful. This year marks a milestone for the event, as a record 84 motor clubs have already signed up to attend. According to event management, this number beats the grand total of 77 clubs who attended the 2013 event.