One year ago Gregory Loles, team principal behind the well-regarded Farnbacher Loles racing outfit and Porsche performance shop, had gotten himself caught up in an alleged fraud scheme. We hadn’t heard much about the scandal since last December, but now the United States Attorney for Connecticut has announced that a federal grand jury has returned a 32-count indictment against Loles. Among the indictments, Loles is being charged with securities fraud, wire fraud, mail fraud and money laundering…adding up to over $10 million dollars. Read more after the jump… @funkmasterflex

Paul Walker has joined up with Motorsports Enterprise Racing (Team MER) to drive at this year’s 25 Hours of Thunderhill. Read the full story after the jump! @funkmasterflex

Check out the production of a Nissan Leaf! @funkmasterflex

The latest Hemi engine from Dodge, in this case displaces 392 cubic inches and placed gently inside the engine bay of the 2011 Challenger SRT8. Not only is this new Hemi larger than the already oversized version it replaces, it’s also considerably more potent. The Pentastar says that its new 392 kicks out 470 horsepower and 470 pound-feet of torque – substantial improvements over the outgoing SRT8’s 425 hp/420 lb-ft. But those are factory ratings, and we all know those don’t necessarily match what’s actually under the hood of production models. Thankfully, the crew over at Inside Line managed to score enough time with a 2011 Challenger SRT8 to strap it down to a proper dyno. And the results? About 452 horses at 6200 RPM and 443 lb-ft at 4400 which means that Dodge may actually be underrating its potent performer just a tad. –ab @funkmasterflex

Whoops! A French promotional film of the 2010 Mercedes Benz SLK has made its way to the Internet and the star of the clip is the redesigned hardtop convertible!! We’ve got the video that shows off some of the SLK’s new features. @funkmasterflex ab