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Underground Racing Lamborghini crashes at Texas Mile, driver survives

WITH VIDEO -- Underground Racing, the Charlotte, N.C., tuning shop that broke the 250-mph mark with a twin-turbo Lamborghini Gallardo in Texas last spring, saw that car crash on Oct. 23 after making another run at the Texas Mile high-speed challenge. Video of the run, posted on YouTube, shows the orange Gallardo passing the 1-mile marker on the closed runway, deploying a parachute and veering to the right and off the runway.

Saab Museum Saved

The Saab Museum - including the Ursaab (pictured) - has been saved Despite falling victim to Saab’s bankruptcy, the Saab Museum has been saved by Trollhatten City, Saab AB and the Marcus and Amalia Wallenberg Memorial Fund. When we reported that the Saab Museum – and all its cars – was up for sale last week to try and bring in a few coppers to fill the black hole that is the Bankrupt Saab’s finances, it looked as if the historic collec tion – which includes the very first Ursaab – was destined to be broken up. The fate of the Saab Museum seemed to be to be scattered to the four corners of the globe as each car was sold to the highest bidder, but it’s been revealed that the entire collection - including the Museum building - has been saved for the Swedish nation.

Lexus future products: Sedans will be redone by spring 2013

Lexus sales have slipped behind BMW and Mercedes-Benz this year, but the next few years will show what kind of counterpunch Toyota's luxury brand can deliver. The passenger-car lineup will be made over by the spring of 2013, as the GS, ES, IS and LS sedans will all be either redesigned or re-engineered. But there are challenges.