Could the following sentence mean " the car is speeding in a crazy manner/ in high speed / uncontrollable way" or it can have only one meaning?
The car is speeding around the bend.
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The car is speeding around the bend
only means that the car is going fast (perhaps in excess of the speed limit). The idiomatic usage of "around the bend" (which I think must be more common in BrE than in AmE) to mean "insane" only applies to people ... and maybe animals(?)
This might mean that the car is being driven in a crazy / uncontrollable manner:
The car is careening around the bend.