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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.

Lamborghini driver can't shoot the gap in London

It may be difficult to see a nearly $500,000 car wrecked because of hot-shot driving on narrow streets, but a new video of a Lamborghini Aventador crash in one of London's poshest zip codes over the weekend has to be seen to be believed.
The accident occurred Sunday and left Sloane Street in London's ritzy Chelsea district littered with equally ritzy matte black body parts. A fan of the supercar enthusiast Shmee150 submitted footage of the devastating wreck to his YouTube channel, and Shmee kindly turned around and offered it to Autoblog. In the video, the Lamborghini's tires momentarily lift off the pavement as the driver fails in an attempt to squeeze in-between what looks to be a turning Mazda Demio and parked cars including a Nissan Qashqai and a BMW 3 Series.
This enigmatic matte black Lamborghini has popped up on YouTube in the past, shooting flames from its exhaust and causing a ruckus on London streets, The Telegraph reports. No one was arrested at the crash and there are no charges pending at this time. Hopefully, even without legal ramifications, this driver has learned the lesson every morning commuter on London's Tube knows; mind the gap.

VW Group to split brands under four holding companies

The Volkswagen Group is planning a tremendous shift in its internal structure that will decentralize operations by splitting its 12 brands into four different holding companies. Here's the breakdown. Things will be split logically, considering the inter-sharing of parts, platforms, and engines. The Volkswagen brand, Seat, and Skoda make up a passenger vehicle division led by former BMW man Herbert Diess. Audi, which is tightly intertwined with Lamborghini and motorcycle manufacturer Ducati, will be managed by current Audi exec Rupert Stadler. Porsche and Bentley, which are already quite close, will be joined by Bugatti and run by Matthias Mueller. Finally, a commercial vehicles division will include Volkswagen Commercial, Scania, and Man. Former Daimler exec Andreas Renschler will take care of the big vehicles. The massive move, according to Automotive News Europe, is part of an internal VAG effort to move away from the structure established by ousted Chairman Ferdinand Piech, who favored a compact, but highly centralized, management structure to oversee the independent actions of the company's brands. Criticism of Piech's arrangement stemmed from the company's slow responses to changes in the market, ANE reports. The new structure should make for a more efficient, streamlined company that's better able to make crucial decisions. What are your thoughts? Should VAG decentralize, or did Piech have the right idea? Have your say in Comments.