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Jordan sells off Formula One collection

FORMULA ONE commentator and former team boss Eddie Jordan is selling off his collection of racing cars and memorabilia to raise money for charity. The sale includes the very first Jordan F1 car that driven by Michael Schumacher. It comes complete with the German driver’s original racing helmet that Schumacher signed and gave to Eddie Jordan as a souvenir.

Volkswagen to add compact four-door coupe to its lineup

Volkswagen has hatched plans for a second four-door “coupe” model as part of a strategy to shore up its North American and Chinese market shares while providing a suitable addition to its European lineup. To be positioned underneath the recently facelifted CC, the new four-seater is set to form part of the Jetta lineup, joining successors to today's sedan and wagon models in an expanded three-model range. They're all set to hail from Volkswagen's Puebla plant in Mexico, the same site responsible for the newly launched second-generation Beetle.

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.