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Underground Racing Lamborghini cracks 250 mph--watch the video

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.

Toyota to show FT86 Convertible at 2013 Geneva show

Toyota is bringing a drop-top GT86 to next month's Geneva motor show. Based on its sublime lightweight GT86 coupe, the FT-86 Open (the show car has ditched the 'GT' name reverted to the 'FT' tag because it's currently only a concept) will be revealed in March 2013. 'FT' stands for 'Future Toyota', and Toyota has already started the media tease by releasing this sketch. Is the Toyota GT86 convertible confirmed for production?

Volkswagen Jetta Alltrack crossover possible

Volkswagen is not finished with plans to extend the Jetta portfolio. The suits inside the Wolfsburg, Germany, headquarters are mulling a plan for a crossover version of the future Jetta SportWagen along the lines of the recently introduced Alltrack concept. “We think there is definite sales potential in North America and other world markets for a new lifestyle-targeted Jetta model,” a senior Volkswagen source divulged.