The emerging sport of One Mile Racing has a new champion – Ray Hofman's 2006 Ford GT runs a twin-turbo motor with a reputed 1900 rear wheel horsepower. A fortnight ago, Hofman piloted his Heffner Performance modified GT over the measured mile with a terminal velocity of 266.9 mph, beating out the other two logical contenders for the title of the world's fastest street car. Just for the record, a Bugatti Veyron exits the standing mile at just over 200 mph. Hofman is now aiming for 280 mph. Is this the world's fastest road car?

Given that motorsport is little more than a century old, it seems logical that new forms of competition should continually evolve. Informal post-war run-offs between car modders became the drag racing industry and similar but more recent homegrown endeavor catalyzed the spectacular new sport of drifting. Now another form of competition is quickly evolving based largely around a bi-annual event held at a remote airfield near the small town of Goliad in Texas.

The Texas mile has been held each March and October at the Goliad airstrip since 2003 and it has now attracted a national following and a global reputation for beckoning the man on the street to "Drive in Your World, Race in Ours!"

In essence, anyone can enter and it's an opportunity to run your street registered motorcycle or car down the measured mile without the fear of speeding tickets and jail time and the aim of the exercise is to see what speed your vehicle is doing at the end of the mile.

The popularity of the Texas Mile and the size of the United States has resulted in several other events to springing up around the country and on April 28, the Florida Exotics Event was held at the Dade-Collier Airport in Florida. The weekend saw some serious activity in the domain of the "world's fastest street car" when the world record was broken not once but twice for the fastest terminal speed at the end of a measured mile.

The first record fell, (and remember this is by a street legal, roadgoing, car), when a Lamborghini Gallardo TT ran 255 mph at the end of a mile. This record was then smashed by a heavily modified Ford GT which ran 266.9 mph. The car was built by Heffner Performance, and both driven and owned by Ray Hofman, the President and CEO of Peak Completions from Midland, Texas.

The yellow Ford GT is equipped with a standard 6-speed manual transmission, runs a stock engine block and heads, retains its airconditioning, power windows and power door-locks, and it also has an original, completely stock body with no aerodynamic modifications other than removing the rear view mirrors.

Performance modifications to the Hofman Motorsports Ford GT include twin turbo-chargers installed by Heffner Performance (follow them on Twitter), internal engine work by Accufab Racing, and tuning/electrical work by Sakata Motorsports. The twin turbo engine is reportedly producing in excess of 1900 bhp and ran its record speed into a direct 18 mph headwind.

Video of the car's first shakedown weekend at the Texas Mile in March can be found here and here, and videos of the record run in Miami can be found here, here and here.

Hoffman racing's full story of that initial weekend of getting the car running fast and culminating in a 250 mph run on the first weekend in Texas can be found here and the full rundown of the Miami weekend can he found here.

They are now talking up the chances of breaking 280 mph soon.