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Volkswagen Group names Paefgen head of classics program

You may remember the name Franz-Josef Paefgen. Until recently, the German engineer and executive was head of both Bentley and Bugatti. Before that he was chief executive of Audi, after working for several years at Ford. He technically "retired" earlier this year, but like the cars he helped create, an executive like Paefgen could never really retire. So it should come as little surprise that the Volkswagen Group has named Dr. Paefgen head of its Classic program.
In his new capacity, Paefgen will oversee the historic automobile activities of the entire VW Group, including those of Volkswagen, Seat, Skoda, Audi, Lamborghini, and of course Bentley and Bugatti. It strikes us as a suitable semi-retirement for the man responsible in no small part for the Bugatti Veyron and Bentley Mulsanne, to name just two, and who was decorated in 2006 by the ACO as the "Spirit of Le Mans" for his contribution to endurance racing. Read the official announcement after the break.

Ferruccio Lamborghini's twin-twelve Riva speedboat restored [w/video]

Everyone knows that Lamborghini makes exotic sportscars, but true aficionados are also well versed in the other types of machinery that has worn the Raging Bull emblem. There are the tractors, of course, with which founder Ferruccio got his start, but the company has also marinized its high-revving twelve-cylinder engines for use on the water.
Over the years, Lamborghini engines powered many crews to offshore powerboat racing trophies, but before all of that came the vessel you see here. The 278th of 769 made between 1962 and 1996, this Riva Aquarama was commissioned by Ferruccio Lamborghini himself. It was delivered from the shipyard in 1968, complete with a pair of 4.0-liter V12 engines out of a Lamborghini 350 GT, and old man Ferruccio enjoyed using it for many years.
Following his death in 1993, the one-of-a-kind Riva Aquarama Lamborghini disappeared into obscurity, hidden away from the world under a tarp until a Dutch collector tracked it down and had it restored by Sandro Zani and his team at Riva World. The project took three years to complete, including the restoration of the wooden hull with 25 coats of lacquer applied.

Take a closer look at Lamborghini's outrageous Veneno [w/video]

We couldn't pass up the chance to take a closer look at the outrageous Lamborghini Veneno. The ultra-limited-production 50th anniversary model looks downright lethal sitting under the lights of the Geneva Motor Show. Regardless of the 750-horsepower V12 lurking at the machine's core, the preponderance of vents, wings, splitters and fins means the hypercar can't help but look like it'll cut you for the fun of it. While most high-performance exotics are as much about what you can't see as what you can, the Veneno gets the ludicrous-loving 12-year-old kid inside of us cackling with joy.
We just can't decide whether this $3.4-million-dollar one-of-three hypercar is the hero or villain of our adolescent daydreams. Maybe both. Click through the detailed gallery for your best look yet at the latest bit of insanity from Lamborghini, and check out its official introduction video below.