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College Exhibition: Strate College Degree Show 2006

Graduating Transportation Design students at France's Strate College displayed their Diploma projects in the school's annual degree show, held at the central Paris school June 23-24. A jury of design managers from major European and international manufacturers including Renault, Citroen, General Motors, Hyundai, DaimlerChrysler and Volkswagen assessed the graduating students' work. The exhibition included work from the schools programs in Transportation Design, Product Design, Luxury Design, Services Design, Graphic Design, Packaging Design and a new three-year program in Modeling.

General Motors CEO Rick Wagoner to quit, reports say

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said. A senior Obama administration official told NBC's John Yang that Wagoner, 56, was asked to step down by the White House. The automaker, which has lost about $82 billion since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S.

Underground Racing Lamborghini cracks 250 mph--watch the video here

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.