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Bugatti Veyron Grand Sport Vitesse world speed record: Video

We hoped that tease might be for something really interesting and new – perhaps the much rumoured 1600bhp Veyron or even the Galibier –  but it was simply a new world record for an open-topped production car. Impressive, of course, but just more of what we expect from Bugatti, rather than something new and innovative. The new world record for the Vitesse was set at the VW facility at Ehra-Lessien where Chinese driver Anthony Liu took the Veyron Grand Sport Vitesse to 254mph, creating a new world record for an open-topped production car and, more importantly for Bugatti, an excuse to produce a limited run of the Veyron Grand Sport Vitesse WRC Edition with a black and orange paint job for €1.99 million each.

Volvo reveals pricing for refreshed 2014 model range

There are quite a few changes in Volvo's lineup for the 2014 model year, perhaps representing the most serious model shakeup for the automaker this decade. For starters, almost all the cars in Volvo's current U.S. lineup have been facelifted with the notable exception of the XC90 SUV, which enters its last model year before it is replaced by an all new truck.

Saab increase pay for Board members as Swedish Debt Office circles

Saab Meltdown gets closer It never rains, but it pours. And for Saab and Victor Muller it has been a year or more of almost unbroken storms, punctuated with just the odd ray of financial sunshine as Victor Muller combs the planet for investors to stake a claim in his chocolate teapot company. There has been no production at Saab of any consequence since April; many suppliers still remain unpaid despite substantial injections of cash from Chinese buyers; wages have not been paid and now, just to rub salt in the wound, it’s been revealed that board members received pay rises of up to 650 per cent in 2010.