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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.

McLaren turns the corner, posts first profits

By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.

New Zenos E10 British sports car revealed

If you’ve not heard of Zenos Cars, don’t worry – the firm is only a few months old after all. But despite its relatively fledgling nature, the company has got big plans for its new E10 sports car. It’s aiming to take on Lotus, Ariel and Caterham for the lightweight British sports car crown, and with former Caterham chief executive officer Ansar Ali and chief operating officer Mark Edwards – along with ex-Caterham employee Chris Weston – Zenos has certainly got the expertise to succeed.