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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.

Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.

P1 reborn: the return of the P1 supercar club

There's been a whopping great global recession, in case you hadn't noticed. P1, which was Britain's original supercar club, was struggling to repay asset finance repayments of £100,000 a month to fund its fleet of droolworthy cars – and nobody would buy supercars when P1 tried to sell. The market for top-end cars had frozen at the exact time that P1 most desperately needed the dosh.Eventually the banks called the loans in, as they had identified the supercar market as wobbly business they didn't want during a banking crisis.