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The pile-up took place on Gotthard Pass in the Alps shortly after midday on Wednesday and four vehicles were damaged in the crash, with one driver sustaining serious injuries.
Four cars were stuck behind a slow-moving motorhome and both the Bugatti Chiron and the Porsche 911 attempted an overtake at the same time. They subsequently collided and crashed into the motorhome and another car, a Mercedes-Benz C-Class wagon.
The driver of the Mercedes suffered serious injuries and was taken to hospital by the emergency services.
In total, the crash is estimated to have caused damage worth around 3.7 million francs (£3.11 million).
A police statement read: "Wednesday, August 12, 2020, shortly after 12 noon, an Aargau motorhome followed by four passenger cars drove on the Gotthard Pass road towards the top of the pass.
"In the Gamsboden area, the driver of a Schwyz sports car in fifth position intended to overtake the vehicles in front. At the same time, the fourth-place passenger car with Lucerne license plates began to overtake. There was a collision between the two vehicles, with the Lucerne car colliding with the Aargauer car in front.
"Both vehicles then collided with the column stones on the left edge of the lane and came to a standstill on the opposite lane. The driver of the Schwyz sports car managed to steer the vehicle back into the lane, but in the process he collided with the Aargau mobile home.
"The passenger in the Aargau passenger car suffered serious injuries and was transferred to the cantonal hospital by the Uri emergency services. The property damage totalled around 3.7 million francs.
"The Gotthard Pass road had to be temporarily closed for the rescue and rescue work. Several private towing services, the National Roads Office, the Uri ambulance service and the Uri cantonal police were in action."
Last week, police were called to Montagu Mansions in Marylebone, central London, where a bright pink McLaren 520 worth around £150,000 ($195k) had crashed after the driver lost control.
Taking to Twitter, Simon Tuhill - London Fire Brigade Borough Commander for Camden - said: "We go to many incidents involving crashed vehicles. But not that many where one of those vehicles is a McLaren 520 supercar."
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