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VW close to decision on selling Bugatti to Rimac

FRANKFURT — Electric hypercar maker Rimac Automobili and Volkswagen's supercar brand Bugatti are a good technological fit, Porsche's CEO told German weekly Automobilwoche, fueling hopes that a deal between the two could happen soon. British automotive magazine Car last year reported that Volkswagen was on the verge of selling Bugatti to Rimac Automobili, citing sources. In exchange, Porsche, also owned by Volkswagen, would raise the 15.5% stake it owns in Rimac, founded by Croatian entrepreneur Mate Rimac, Car said. "At the moment there are intense deliberations on how Bugatti can be developed in the best possible way. Rimac could play a role here because the brands are a good technological fit," Porsche CEO Oliver Blume said. "There are various scenarios with different structures. I believe that the issue will be decided by the group in the first half of the year," said Blume, who also sits on the management board of parent Volkswagen. Rimac has developed an electric supercar platform, which he supplies to other carmakers, including Pininfarina. Blume also confirmed higher savings targets for Porsche, saying the carmaker plans to support results by 10 billion euros ($12.1 billion) of cost cuts by 2025, up from 6 billion previously. Related Video:

Russian President Putin's new limo makes debut ahead of 2017 production

What's the best way to ignore an international money-laundering scandal that's allegedly revealed your link to $2 billion in off-shore accounts? Why yes, you get a new car. While information from the so-called Panama Papers is still being uncovered, Russian President Vladimir Putin's new Russian-made ride has been unveiled. Unlike US President Barack Obama's Cadillac-badged Beast, Putin's Kortezh will be available to any Russian that has the means. A total of 5,000 will be built in four different styles – limo, sedan, SUV, and minivan – although only 200 will roll off production lines next year, Sputnik News reports. Deliveries are expected to start in late 2017, while assembly will carry on through 2020, the Moscow Times reports. Commerce and Industry Minister Denis Mantrurov confirmed that Porsche has been brought in to help develop the Kortezh's powertrain. Whether that engine ends up being the turbocharged V12 we reported on way back in October 2014 isn't clear, though. Regardless of what's sitting under that long hood, we're betting it's going to be extremely powerful. Putin will likely take delivery of the Kortezh in 2017. Related Video:

Man arrested for stealing part of Paul Walker Porsche wreck

Humans are odd creatures. Some of us collect things associated with bad events, particularly when it comes to cars. Your author, for example, has the grille of his wrecked 2004 Mini Cooper S hanging on the wall. As a more extreme example, an 18-year-old Californian is in trouble with the LA police, but not for taking an item from his own car accident. Instead, he has been arrested for stealing from the wreck of the Porsche Carrera GT that killed actor Paul Walker and racer Roger Rodas.
And it wasn't a small piece, either. It was the Carrera GT's carbon-fiber roof panel. Making matters worse is word that the theft happened while the tow truck that was hauling the wrecked Porsche was sitting in traffic. According to the LA Sheriff's Department report, "A witness saw a male exit a vehicle that was following the tow truck. The male grabbed a piece of the wrecked Porsche off the tow truck bed." Besides the eyewitnesses, it didn't help that images of the roof panel were later posted on Instagram.
The man, Jameson Witty, was later arrested at his home, where police also found the roof panel. The driver of the car Witty was in when he took the roof panel, meanwhile, is planning on surrendering to the police, according to CNN. It remains unclear if the district attorney's office will charge the two, although if it does, they'll be facing felony grand theft and tampering with evidence.