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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.

Norwegian EV maker Think files for bankruptcy

Tiny electric car maker Think Global AS filed for bankruptcy today in its home market of Norway after attempts to keep the company going through recapitalization and restructuring failed, the company said in a statement. It is the fourth time Think has collapsed financially in its 20-year history. "We needed some additional funding and although we had interested investors they were not able to come to the table quickly enough," Think spokesman James Andrew told Automotive News Europe.

Peugeot 5008 revealed

The new Peugeot 5008 MPV / People Carrier - to debut at Frankfurt Peugeot has released details of their new MPV – the Peugeout 5008 – ahead of the official unveil at the Frankfurt Motor Show in September. And yes, it does have a look of the TVG on the snout, and promises to be able to carry almost as much luggage as the nippy French train. A massive 2500 litres of space with all the back seats down, and a still capacious 823 litres in 5 seat mode.