Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

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.

Alfa Romeo's plans for new 2011 Giulia saloon

Today's Alfa Romeo 159 will be replaced by the Giulia in 2011 By Georg Kacher Motor Industry 25 March 2010 17:31 The big news from Alfa Romeo for 2011 is of course la nuova Giulia, which replaces the 159. Unlike the current car, which shares the so-called premium architecture with the Brera twins, the next midliner from Arese adopts a slightly wider and longer variation of the C/D components set. This new, more space-efficient matrix combines a McPherson front axle with a twin-link rear suspension, and engineers promise great handling benefits will result.

Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED

Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.