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Bugatti Veyron Grand Sport Vitesse world speed record: Video

We hoped that tease might be for something really interesting and new – perhaps the much rumoured 1600bhp Veyron or even the Galibier –  but it was simply a new world record for an open-topped production car. Impressive, of course, but just more of what we expect from Bugatti, rather than something new and innovative. The new world record for the Vitesse was set at the VW facility at Ehra-Lessien where Chinese driver Anthony Liu took the Veyron Grand Sport Vitesse to 254mph, creating a new world record for an open-topped production car and, more importantly for Bugatti, an excuse to produce a limited run of the Veyron Grand Sport Vitesse WRC Edition with a black and orange paint job for €1.99 million each.

California considers pay-as-you-go auto insurance

There are pay-as-you-go cell phones and all-you-can-eat buffets, and somewhere in between slots a new auto insurance concept under consideration in California. The proposed regulations would allow insurance companies to offer coverage plans paid for by the mile, in addition to traditional plans. The idea is to allow consumers to pay for what they use--and potentially save money.

Rolls Royce redesigns sought in new competition

Hip Shing Hong Group, Stefano Tordiglione Design and online design platform It's Liquid have launched a competition to redesign a Rolls Royce for a factory-turned-office project in Hong Kong. The contest, focused around the themes ‘Innovation', ‘Energy' and ‘Creativity', is giving the winners the chance to see their design displayed in the lobby of the new building. They will also receive a cash prize of HKD 20,000/EUR 2,000, while the second- and third-placed designers will earn themselves HKD 10,000/EUR 1,000 and HKD 5,000/EUR 500 respectively.