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Video: Hennessey Venom GT now unofficial fastest production car

The Hennessey Venom GT hit its top speed of 270.49 mph last week at the Kennedy Space Center, edging out the Bugatti Veyron Super Sport's previous 269.86 mph record. Hennessey and Bugatti have been battling for the top spot of "fastest production car in the world," and this time America came out on top. Hennessey attempted a record run in 2013, reaching a top speed of 265.7 mph before running out of room on the 2.9-mile-long runway at the Naval Air Station in California.

Lada launches new design competition

Lada and Russian social network community VKontakte have announced a competition calling for amateur designers to express their visions for future Lada models. Designs can be submitted as hand-drawn sketches or created using computer programs, and there's no limit on style, class or models. The only condition is the design has to have the brand's logo on the grille.

VW Phaeton returning to America as early as 2018

Though the Volkswagen Phaeton -- the brand's range-topping, understated luxury sedan -- disappeared from the United States market in 2006, never actually died. The tech-laden luxobarge is still offered overseas, and it has seen a number of revisions and updates since it was last offered here. Of course, much more has changed since 2006 than the Phaeton's front fascia.