If you watch the video you will note something interesting. After the car exits the pits (1:01) it blasts down to the timing traps. This takes it approximately five seconds to camera freeze at 1:06. For reference, note the blue portion of the wall to the right of the car from 1:01-1:06. In truth, if you watch closely, the car really trips the trap at 1:07 because at 1:06 it hasn't actually reached the lights. Again, watch carefully and you will see this.

Amusingly, at the end of the run they stop the clock not back at the timing traps which are at the end of that stretch marked by the blue portion of the wall on the right (see again 1:01 - 1:06) but the instant the car hits the beginning of that short stretch (8:48).

If you add back the five (really six since the car really actually starts at 1:07) seconds they demonstrated is needed to get to the traps the actual time is approximately 7:43 (+5) or 7:44 (+6).

Nearly fooled me too. Still impressive but not a 7:38.

"Yes the GTR cheated, they start in one place and then finish in another"

Check here! Notice the A and B, A is the START and B is the FINNISH. Notice another thing, Nurburgring has two race track, the other small one is the Grand Pric track marked with black line while the Nurburgring is marked in Grey line. Look carefully! You see the black line that crosses the grey line, that is where the A and B is, the little stretch inside the grey line isn't considered as track, it's a stopping line - a distance made use for to enter in and out of the pit (the black line). They don't mesaure the time inside THAT line, that is why the start and finnish is the A and B and this rule is the same for all that goes and do time attack at the Nurburgring. This is diffecult to explain but coz of my lack of english skill but at least it's NOT CHEATING, hope you all understand here