Green’s Dictionary of Slang

1. (US) to drive a vehicle at top speed, also as adj.

1980		G. Liddy Will 126: I buzzed the main streets of both cities [...] I couldn't resist climbing out, then rolling into a screaming, redline dive directly down at the windows of Ham Fish’s campaign headquarters.
2000		G. Pelecanos Shame the Devil 25: It looks quiet, like an old man’s car. But it is very quick. Redline it if you wish.
2018		C. Hammer Scrublands [ebook] He considers flooring it, red-lining the rental, sweeping past his former colleagues.

2. in fig. use.

1976		R. Sabbag Snowblind (1978) 237: Speed will throw your insides into overdrive and take you out on the high side. It is the ultimate challenge to tolerance, dying with your boots on the American way, vital organs pumping the limit, synapses firing – you redline.
2012		D. Whish-Wilson ‘In Savage Freedom’ in Crime Factory: Hard Labour [ebook] Mongolian audition slut [...] The driver’s red-lining her brutally. She’s in a deal of pain.