2000 Porsche Boxster on 2040-cars

Auto blog

Lamborghini could be sold or spun off from the Volkswagen Group

Volkswagen is reportedly considering a sale or stock listing for its high-end Lamborghini brand. The German automaker is looking to fold the Italian supercar brand into a separate legal entity, reports Bloomberg, which cites "people familiar with the matter" who don't want to be identified "because the deliberations are confidential and no decisions have been made." Any of this sound familiar? The goal of spinning off Lamborghini would be to stockpile more cash and other resources for VW's massive planned push into electric vehicles. Back in March, reports circulated that Volkswagen's "Vision 2030" corporate plan might include plans to focus on the brand's core brands — VW, Audi and Porsche. That means the futures of fringe players like Lamborghini, Bentley, Bugatti, motorcycle brand Ducati and design firm Italdesign (and note this isn't a comprehensive list of brand's under the expansive VW Group umbrella) are up in the air. VW, according to the report, is targeting a market value of $220 billion, which is a big jump from the brand's current $89 billion valuation. Bloomberg pegged Lamborghini's valuation at around $11 billion back in August, buoyed by sales and profits generated by the introduction of the Urus sport utility vehicle. On the flip side, Lamborghini is currently grappling with how best to update its supercar lineup in the face of ever-increasing emissions regulations.

SoCal car culture bids farewell to an LA motoring landmark

It had a good run, but after 84 years, LA's iconic 6th Street Bridge is being torn down and replaced with a new structure. Magnus Walker gathered members of Southern California's legendary car culture to say goodbye. The East 6th Street bridge is just one of the hundred-plus spans that cross the Los Angeles River, built during the boom era of the 1930s, but it's among the most iconic. It spans the river and the rail yards from the industrial area to the West Side that's rapidly gentrifying as LA's Arts District. Unfortunately the concrete that was laid down way back in the 1932 is far beyond repair at this point. So after years of patchwork and tentative maintenance, the local authorities are taking it down and replacing it with a new bridge in a process that's expected to take four years. The destruction of the landmark is sad news for the people who have come to embrace it as one of the city's most memorable structures – people like Magnus Walker. The so-called Urban Outlaw, known as much for his offbeat style as he is for customizing Porsches, put out word to the tuner community that it was time to say goodbye to their beloved bridge, and out they came, looking like something straight out of a Fast & Furious movie. See how it all came together in this latest video from eGarage. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: eGarage via YouTube Porsche Videos bridge magnus walker urban outlaw

Paul Walker's daughter settles for $10m in crash lawsuit

Meadow Walker, daughter of the late Paul Walker, has agreed to a settlement with the estate of Roger Rodas worth $10.1 million over the death of her father. The basis of the settlement is that Rodas, who was driving the Porsche Carrera GT when it crashed, killing himself and Walker, was partly at fault for Walker's death. Police officials ruled that excessive speed was the main cause of the deaths of Rodas and Walker. According to TMZ, quoting attorney Jeff Milam, who is representing Meadow Walker, this sum is only a small fraction of the amount Paul Walker would have earned over his lifetime as an actor, which is almost certainly true. Walker was 40 at the time of his death, and was in the midst of a highly successful Hollywood career. A lawsuit was filed in September of 2015 by Walker's daughter against Porsche, alleging that the German automaker is also at fault for the deaths. Through her lawyer, Meadow says she "intends to hold the company responsible for producing a vehicle that was defective and caused Paul Walker's death." A court recently found that Porsche was not at fault for the death of Roger Rodas. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: TMZ, Automotive News - sub. req.Image Credit: Jennifer Lourie/WireImage Celebrities Government/Legal Porsche lawsuit Fast & Furious paul walker settlement roger rodas