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By seth
5 months ago
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Dutch supercar maker introduces first-of-its-kind investment opportunity to support launch of its acclaimed Spyker B6 Venator.

SUMMARY Spyker N.V. ("Spyker") today announced an innovative corporate financing initiative to support the introduction and production of its Spyker B6 Venator, Spyker's compact, 2-door mid-engine sports car unveiled a year ago at the 2013 International Geneva Motor Show, and the Spyker B6 Venator Spyder, launched at Pebble Beach, California, in August 2013.


The Dutch supercar company has created the Spyker Venator Bond, providing an unprecedented opportunity for discerning investors. The Spyker Venator Bond will offer individual investors three redemption options, including rolling up to one of the first produced Spyker B6 Venators. Never before has an automaker offered an investment bond of this nature.

Spyker is making 100 Spyker Venator Bonds available, at the per-bond subscription of £100,000 (and Euro/US$ equivalent). Each Spyker Venator Bond will be issued with a unique Spyker B6 Venator chassis number, ensuring the bond holder a first-edition car featuring a special exterior / interior colour scheme and badging. Together with a second bond on offer, the Spyker Bond, Spyker intends to raise up to £20 million (circa Euro 25 million) in capital to fund production expansion primarily to meet the unexpectedly high demand for the new Spyker B6 Venator.

The Spyker Venator Bond and Spyker Bond are marketed and distributed by Central Markets Investment Management Limited, part of the Central Markets Group. Central Markets are a London-based financial services provider with a range of services for high net worth individuals and corporations. From capital raising, investments in alternatives, brokerage and foreign exchange, Central Market aim to offer a discreet selection of services to enable clients to achieve their financial ambitions. Commenting on the Spyker Venator and Spyker Bonds, Peter Shepherd, MD states "When we looked at what Spyker wanted to achieve with their capital raising and what they had on offer, we saw a very unique opportunity to create something out of the ordinary from the typical corporate bond offering. To invest in a growth story, while having the option to be rewarded with a top end sports car, has huge appeal, and one that we believe our investors will jump at."

The administrator for the bond is Best International Group, a leading corporate finance firm specialising in the development and administration of corporate bonds. “We are delighted to be working with such an iconic brand,” said Best International Group’s Jeff Hankin. “The Spyker Venator Bond will be a real departure from the standard corporate bond instrument, allowing subscribers to opt to take their returns in either spending power or horsepower. We anticipate a great deal of interest.”

The Spyker B6 Venator is designed for discerning drivers, by a discerning driver: Victor R. Muller, Chief Executive Officer of Spyker. "I wanted to give like-minded drivers who demand the highest standards a new choice, one that delivers a rare combination of heritage, design, performance and exclusivity. That describes the Spyker B6 Venator perfectly. Now with the Spyker Venator Bond, like-minded investors can take part in a first-of-its-kind financial opportunity designed for them in the uniquely Spyker vein."

The Spyker B6 Venator makes a defiantly contemporary statement whilst paying homage to its past, making it instantly recognizable as a Spyker. Highly detailed design, bespoke materials and aviation-inspired elements are a core part of the Spyker DNA. With the announcement of the Spyker Venator Bond, the company once again proves its Latin axiom: "Nulla tenaci invia est via" – "For the tenacious no road is impassable."

The Spyker B6 Venator Concept will begin production this year for key markets including Europe, the Middle East, Asia Pacific and India, followed by the US in 2015.

By seth
6 months ago
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Bentley has released a teaser image of its upcoming SUV, which the automaker is promising will go on sale in 2016. The on-again off-again Bentley SUV has been on the company's short list of possible vehicles since the SUV boom years, a full decade ago, but it has consistently been pushed further back in the pipeline.

Bentley is promising that the new model will be the most luxurious and powerful SUV on the market. "It will create a completely new segment in the SUV market," said Dr. Wolfgang Schreiber, Bentley Motors' chairman and chief executive.

The last concept Bentley SUV we saw was the 2012 EXP 9, which received a lukewarm reception due to its somewhat polarizing exterior design. When the EXP 9 debuted at the 2012 Geneva motor show, plenty of observers said positive things about its overall proportions, though the front fascia received a less enthusiastic response. The EXP 9 featured large, round headlights positioned at the corners of the front fascia, flanked by mesh inlets sitting awkwardly next to a large horizontal mesh grille. The front fascia of the EXP 9 concept also featured large, round auxiliary lights right under the headlights with LED rings. Another detail that many found polarizing was the rear fenders, which many felt were exaggerated to imitate those found on the Continental GT.

The new image released by Bentley shows that the design team has opted for a much more traditional front fascia, one that takes its cues directly from the Continental GT and the Flying Spur. The grille is a bit more upright, though it retains its sharp corners, leading to a smooth hood.

Bentley has not indicated when we might see a full-size concept based on this design, though it's likely to debut in concept form sometime in 2014. Bentley is hoping for minimum annual sales of 3,000 units when the model begins deliveries in 2016.

By seth
6 months ago
(1) comments
Remember when a BMW M6 driver smashed his own car with a sledgehammer because he claimed BMW refused to fix its rough driving and shifting problems? He restored the car and smashed it again.

The man in question is Italy-based businessman Pourmohseni Hadi, who claims he leased a 2008 BMW M6 for 120,000 Euro ($160,000). He spent the past few years trying to get BMW to fix his alleged problems of vibrations, rattles, jolts, and bad shifts.

Man Who Sledgehammered His BMW M6 Has To Return It In Good Condition. It turns out that there can be some hidden consequences when you destroy your own car with a sledgehammer and an axe. For instance, sometimes you…

Hadi, fed up, famously smashed his M6 in protest in front of the Frandkfurt Motor Show last year. He said if BMW didn't help him out, he would restore his car (as BMW made clear he would have to) and smash the car up again.

As CarScoops reports, that's exactly what he did. He restored his BMW and beat the living crap out of it in front of the recent Geneva Motor Show.

By seth
6 months ago
(0) comments
Chief engineer Maurizio Reggiani brought up the fact that just five percent of Gallardo orders were for a manual. Mid-sentence, he was interrupted by company CEO Stephan Winkelmann who commented that the 5 percent statistic was ancient. "Close to zero percent Gallardos were ordered in manual," he said.

From the horses mouth. You fanboys weren't buying them. See? Real people with real money weren't giving a damn about them anymore, so how can you expect the company to keep offering them?

In fact, orders for a manual transmission were so few and far between admits Winkelman that every time one came in they had to go back and re-check the order form, confirming with the dealership that a mistake hadn't been made.

By seth
6 months ago
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The real Cannonball Run went extinct years ago. But what's this? A man, a moonshine making man who believes America and the USA are different, is now selling tickets to a new Cannonball Run on eBay. How is this even legal? And what the hell is going on?P

(Our friends at The Smoking Tire received word that tickets for the new Cannonball Run were being sold on eBay. Here is Matt Farah's research and story on the enigmatic and frankly strange character that is running the show. - TO)P

We at The Smoking Tire are no stranger to road rally and "Cannonball" type events. I, in my more reckless youth, participated in 5 years worth of Bullrun Rallies, the videos of which you can revisit as many times as you like on our YouTube channel. There's also Gumball3000, Gold Rush, Fireball, Modball,Rally North America, Targa Trophy, the Babe Rally, and the list goes on. All of these events feature varying levels of professionalism, luxury, and participation, but they all have one very obvious and very important thing in common. Now, repeat after me: It's a rally, not a race.P

This simple mantra is not only what you tell the cops when you get pulled over in your fully-stickered high performance vehicle, but also, it's true. Races have prizes. No matter the race, there is some type of incentive to get there first, besides your stupid ego. Do people drive fast on rallies? Sure. Do they even race each other for fun (or stupidity) within the context of the rally? Absolutely. But when you sign up to do the event, pay your entry fee, etc, the phrase that pays remains an absolute constant: It's a rally, not a race.There is no prize or recognition for being there first.P

This isn't just to protect you, the entrant, but to protect the organizer of the event. "It's a lifestyle road trip." "All I did was set up the hotels." "It's a party on wheels, it doesn't matter who gets where, or when." This stuff should be pretty obvious when driving anywhere in a group of sports cars. Converseley, a proper "Cannonball" in the traditional sense is a coast-to-coast, underground race. No hotels. No stopping. Invite only. Low key. Tell no one. Don't advertise it, or we'll all go to jail. Wait a year to release your time so the statute of limitations on speeding expires first. Want to hear my thoughts on Cannonballs in general? Feel free to listen to my discussion with The Truth About Cars' Jack Baruth on the subject.P

This Man Is Selling Entries For A Coast-to-Coast Race On eBay
Which brings us up to speed on rallying versus racing. Everyone with us? OK then, moving on to the story at hand.P

Facebook user Robert Masek sent us this little nugget this morning: A man named "Colonel" Vaughn Wilson, who lives at 2808 Coral Circle, Alma, AR, (listing his own house as the destination of payment on his web site, and yes, the phone number on the home page for his event is his personal number), is "world renowned for his moonshine activities and attempts of beating the law," is offering a $50,000 prize for a "Coast to Coast Race," AKA "Cannonball Run." Really. 2P

This Man Is Selling Entries For A Coast-to-Coast Race On eBay
This guy makes moonshine? No way. P

At first, I thought Mr. Wilson was just an idiot; someone who did not know any better. Turns out, however, that Mr. Wilson is not an idiot; rather, he is quite well known as a builder and seller of Moonshine Stills, which he calls "A felony they can't get me for." Nevertheless, I wondered what selling copper kitchenware had to do with organizing a Cannonball, and he lists his phone number right there on the main page, so I gave him a ring.P

You can watch the video below for the entire phone call (some language, but otherwise SFW) , or here are some of the best nuggets:P

- He can't be sued because he's not running the race on public roads in the United States, he's running the race on public roads in America.P

- The United States only exists in the District of Columbia, and everything else is "America," so the rest of the country doesn't count towards statuatory regulations affecting "The United States."P

- He can't be sued or held liable for anything non-violent, because he refuses to acknowledge the existence of anyone that would sue him. He also claims he can't get tickets, and doesn't pay any taxes. This, presumably, is also why he thinks it's ok to violate Brock Yates's Copyright on the term "Cannonball."P

- He can't be held liable for what someone does in their own car, even if they pay him to enter his race under the assumption that if they get to LA first, they win $50,000. He says that "recommending against speeding" is enough of a disclaimer to release his own liability.P

- He can install GPS trackers in cars to prove who got there fastest, and there is no way the government can or will ever see that information, or be able to use it to prosecute.P

- He claims he can't be arrested because he claims not to be a US Citizen (but he's not a foreigner either. He just lives here, and is not subject to our laws).P

- Offering a $50,000 prize for being there first is not encouraging people to break the law, only those with "evil in their hearts" can break the law.P

The entire video is pretty insane, and is worth a watch if you've got a few minutes. I'm not sure how someone thinks they can be immune from the laws of the state and the country in which they live, but he seems to think so. I'm not a legal expert, but I am a pretty good judge of character, and anyone who rambles on the way this guy does is usually pretty delusional, and/or sustaining himself on moonshine alone.P

If there are legal experts out there, feel free to chime in on this, but I think there's a pretty big difference between the technicality of selling moonshine stills (while not actually handling moonshine) and organizing a race on public roads, while offering a cash prize, and refusing to accept any liability for what might happen. This is like saying, "$50,000 for whoever sends me the longest child porn video**" with the asterisks leading to, "**we do not recommend making child pornography." P

You can scream all day about how you weren't the one making it, they were, and how you recommended they didn't actually make it, but the reason so many people were motivated to go out and film kiddie porn was because you offered them a cash prize. Last I checked, what he's doing here is openly promoting a fully illegal event, and taunting anyone who dares to challenge it. I'm sure he's got his technicalities in a row, and it certainly seems he's well read, though he apparently only reads the parts that work in his own favor, and if anything does happen, he will almost certainly be arrested, as, in instances like this, common sense just has to prevail, or else we're all fucked.P

Now, I suppose there is a small chance that Mr. Wilson is actually correct, and he is indeed immune from any criminal prosecution or lawsuits relating to this event. But bear in mind, if you are fucking stupidadventurous enough to enter, Mr. Wilson is basically saying that if anything happens, the first thing he's doing is throwing you under the bus. You pay him, sign over your rights for a reality TV show in which Mr. Wilson retains the rights and, presumably, all profits resulting from said show, (which we all know will never happen), allow him to place cameras and a tracking device on your car, and if it all goes wrong, it's your fault, because no one told you to speed. P

Oh yeah, and if you want to enter Colonel Wilson's race, you can buy tickets on Ebay. Smart people should line up now because the race starts on June 1st, 2014, at 8 AM. Also, I'm pretty sure this photograph on top of the "Entry Form" page of his web site is of a man.

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