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New Denza EV brand to be launched by Daimler-BYD joint venture

Mercedes-Benz sources have confirmed that Daimler and BYD Auto's Chinese joint venture is set to launch Denza, a new zero-emissions brand. The first Denza will be unveiled at next month's Beijing motor show and is based on the underpinnings of the first-generation Mercedes-Benz B-Class W245. The car's design is believed to have been undertaken by Daimler's Advanced Design Center in Beijing, led by Olivier Boulay.

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.

Fast & Furious star Paul Walker dies in car crash

AP The US actor Paul Walker has died in a car crash in Valencia, California. The 40-year-old star of the Fast & Furious movie franchise was a passenger in a red Porsche Carrera GT sports car that hit a lamp post and burst into flames. Deputies from the Los Angeles County Sheriff's department attended the incident north of LA but Paul Walker and the driver of the Porsche were pronounced dead at the scene.