Blink and you'll miss Ken Block in new Gymkhana video

Explosions, hooks and slides and the destruction of fluorescent light bulbs--all in the name of gaining attention for DC Shoes? Noted rally driver and DC co-founder Ken Block slides his way through Gymkhana Two, a high-performance sequel to his popular Gymkhana Practice video. Block maneuvers a 2008 Subaru Impreza WRX STI, custom-built by Crawford Performance, around the Port of Los Angeles.

Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.

Obituary: Bob Wallace, Lamborghini test driver

Bob Wallace, Lamborghini’s first ever test and development driver, has passed away in the Italian supercar manufacturer’s 50th anniversary year. He was 75. New Zealand-born Wallace played a key role in the development of the firm’s road cars between 1964 and 1975, having joined the company initially as a mechanic.