• The Hennessey Venom GT has set a speed record after hitting 270.49 mph on the space shuttle’s landing strip. At that speed, former race driver Brian Smith was covering nearly 400 feet per second while shredding the previous record of 268.86 mph held by the Bugatti Veyron Super Sport in the year 2010

• Its a 7.0 liter LS7 Turbocharged V8 Twin Turbo V8 Engine producing 1244 hp, Corvette ZR-1 engine 

• Hennessey and Bugatti have been competing for years, with bragging the records going back and forth between their headquarters in Houston and Alsace, France. This latest round occurred on Valentine’s Day, when Hennessey’s crew and the independent speed recorders from Race-logic descended on the 3.2-mile landing strip at Cape Canaveral. By the end of the day, Smith the driver of Venom had made a GPS-verified run of 270.49 mph (435.31 km/hr).

• Hennessey’s official page data indicates the car was still accelerating at 1 mph per second and Smith said he could go faster still “if we could run on an eight-mile oval.” That’s a dig at Bugatti, which set its record on Volkswagen’s test track in Germany.

• How ever, Bugatti will remain its place in the book of Guinness world records reports said.

• Even before Guinness started looking into the speed limiter issue, Hennessey announced the Venom GT had achieved 265.7 mph. That’s nice, Guinness said, but that number is unsanctioned and unofficial, so no record for you. All of this meant that the 256.14 mph benchmark set in 2007 by the SSC Ultimate Aero, another American super-car few people have ever heard of, stood.

• It did not end with that Guinness disqualified the Veyron Super Sport and awarded the “world’s fastest” title to Bugatti in 2013. “A change to the speed limiter does not alter the fundamental design of the car or its engine,” Guinness said of its decision. The trophy went back to France, along with bragging rights. Hennessey could not let that go unchallenged.

• Not satisfying with the title of " the quickest car "when it went shot from zero to 200 mph in 14.51 seconds–more than three seconds faster than the Koenigsegg Agera R and more than seven seconds faster than the Veyron Super Sport,Hennessey  was fighting for the fastest car title too.

• The title of fastest car is still not on the records as per the rules of the Guinness world records as the run should be tested on both directions,make it a more controversial issue .

• We wanted to run in both directions, but the NASA guys wouldn't let us,” Hennessey said. “The morning was relatively calm, about a 3 mph quarter-crosswind. If we’d run in both directions, the result would have been pretty much the same.”

• Even if Smith had made a second pass, Guinness almost certainly wouldn't have recognized it. Hennessey plans to build just 29 Venom GTs, one short of the number Guinness requires for “production” classification. But don’t bet against Hennessey building just one more, if only to thumb his nose at Bugatti with another run for the official record
• We’ll be sure to bring you the update. So be sure to check back.