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Justin Bieber arrested for possible DUI, drag racing [w/video, UPDATE]

Pop star Justin Bieber was arrested early this morning in Miami Beach, FL with TMZ.com listing his charges as including driving under the influence, drag racing, resisting arrest and driving on an expired license. TMZ says that Bieber was stopped for street racing his Lamborghini Gallardo, then failing a field sobriety test, and is being charged with resisting arrest for "refusing to take his hands out of his pockets."
It's also being reported that Bieber was racing against rapper Khalil (also arrested) who seems to have been driving a Ferrari 16M Scuderia Spider (although it was mistakenly called a "red Lambo" in the article). There is no additional information about the arrest of either men, but TMZ has obtained eyewitness video, which is posted below, that shows Bieber in his Lamborghini surrounded by fans and then later shows the car stopped by police officers.
UPDATE: As it turns out, the cars in question didn't actually belong to either Bieber or Khalil. We just received an email that indicates that both the Ferrari and the Lamborghini involved in the incident were rentals. The president of Lou La Vie, an exotic car rental outfit in Miami, is claiming ownership of both vehicles, though didn't provide any other significant information regarding the case.

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.

Leno hops behind the wheel of Adam Carolla's 1968 Lamborghini Islero

The Last time Adam Carolla was on Jay Leno's Garage with his 1966 Ferrari 330 GT 2+2, the vintage Italian ran out of gas while out on the drive. Leno has found endless humor in this since, and continues to rib Carolla about not driving his cars enough. With the famous comedian and podcaster's return to JLG, he has switched Italian supercar brands to show off his recently restored 1968 Lamborghini Islero. One of just 125 made, the Islero is a rare piece of Lambo history. The styling is a bit of a departure from the brand's early GTs with a more angular shape and pop-up headlights. The rear is also especially beautiful, with four exhaust outlets poking out like stingers. Underneath the hood is the Italian brand's famous and aesthetically beautiful V12 with four liters of displacement. Take a short ride in this sports coupe and listen to Leno's constant needling of Carolla right up until the very end.