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Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.

Gibbs begins production of Quadski amphibious ATV

During our test of the Gibbs Quadski, a high-speed amphibious ATV manufactured by Gibbs Sports Amphibians Inc., representatives stated that the first production vehicles would be ready for sale by mid-November. The company seems to have made good on that promise. According to a statement, the first production Quadskis were completed earlier today at an Auburn Hills, Mich., factory.

Car in Paul Walker crash going more than 100 mph before deadly crash

While "Fast and Furious" star Paul Walker and business partner and Pirelli World Challege racer Roger Rodas did not have drugs or alcohol in their systems when they died in a fiery car crash on Nov. 30, speed was a factor in the crash according to a published report issued by the Los Angeles County coroner's office on Friday. According to a detailed report in the Los Angeles Times, the car Rodas was driving -- a 2005 Porsche Carrera GT -- was traveling at more than 100 mph before the crash.