Canadian who Drove Ferrari Enzo into the Atlantic Says he's "Gonna do Bigger, Better Next Time"

You may not recall Zahir Rana’s name, but you will surely remember his bright yellow, Edo-prepped Ferrari Enzo taking a dive into the Atlantic last September, since the incident was recorded and subsequently posted on YouTube where it made quite a splash.

Now, if you can afford to buy an Enzo, customize it to the tune of 860-horses and compete in a race with it, then the US$100,000 tab for repairing the damages sustained during this unscheduled plunge into the water may seem like small change.

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New Footage from Bugatti Veyron 16.4 vs Nissan GT-R R35 Drag Race

Last Wednesday on December 28, a stock Bugatti Veyron with 1,001HP and a Nissan GT-R R35 upgraded with some light performance mods met up at the Palm Beach International Raceway near Jupiter, Florida, for a friendly quarter-mile drag race.

Once the Bugatti owner managed to sort out the problem with the 16-cylinder model's launch control, the race took off with the Veyron completing the quarter-mile in 10.175 seconds at 139.44mph (224.4 km/h) versus the Nissan GT-R R35's 10.939 second run at 125.74mph (202.3 km/h).

The crew over at That Racing Channel was among others filming the duel between the Veyron and the GT-R and today, they tipped us off about a new behind the scenes video with commentary from both drivers as well as new footage they shot during the race.

Definitely worth a look. Take a gander for yourself right after the break.

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Hyundai and Kia to Invest US$12.2 Billion in 2012, Aim for 7 Million Sales

Hyundai Motor Group, the owner of both the Hyundai and Kia brands and the fifth largest automaker in the world, announced that it will invest US$12.2 billion this year in research and development (R&D) as well as on improving its facilities.

The South Korean group announced last October that their target for 2012 was 7 million units, up from 6.5 million in 2011. Despite the economic crisis, both brands have performed excellently. They also estimate that their growth could have been even larger had it not been limited by their plants’ output, many of which are operating at or near their maximum capacity.

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Russian GAZ-69 Shows Toyota Land Cruiser 100 Who's the Boss

Not all four-wheel drive models are made equal, and while Toyota's Land Cruiser series has made a name for itself as a durable and capable 4x4, there are certain vehicles out there that were purpose built for the harshest off-road environments.

One of those vehicles is the GAZ-69, a light off-road vehicle designed for the Soviet Army. The all-knowing Wikipedia tells us that it was produced initially by GAZ from 1953 to 1955 and by UAZ from 1954 until 1972, while Romania's ARO also built the truck under license from 1957 to 1975.

In the following video, we see a GAZ-69 successfully pulling a Toyota Land Cruiser 100 across a river. An impressive feat to say the least.

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New Chrysler 200 Super S by Mopar Heads to the Detroit Auto Show

Joining the 2012 Dodge Charger Redline at the upcoming North American International Auto Show in Detroit next week will be a second Mopar creation, this time based on the Chrysler 200 sedan called the Super S.

There are two available kits that improve the Chrysler 200 sedan's looks and handling respectively and which can be ordered together.

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Mopar to Present 2012 Dodge Charger Redliner with up to 590HP at the Detroit Motor Show

The new 2013 Dart compact sedan won't be the only new Chrysler Group model to make its world premiere at the upcoming Detroit Motor Show. The Detroit firm's Mopar division will also debut the 2012 Dodge Charger Redline, which is scheduled to go on sale later this year offerings buyers a choice of three different tuning kits that can be combined. Read more »

Investors Sue Porsche for $2.6 Billion Over Unsuccessful VW Takeover

The automotive world was taken by surprise on October 17, 2007, when Porsche CEO Wendelin Wiedeking announced in an interview on the Sunday Times that the Stuttgart sports carmaker was ready to take over VW.

Wiedeking expected the so-called “Volkswagen law”, which stipulated that no shareholder could have more than 20 percent of the voting rights of Europe’s number one car manufacturer, to be ruled illegal by the European Court of Justice.

However, things didn’t turn out as Wiedeking expected and in 2010, 18 hedge funds filed a US$2 billion lawsuit in the U.S. accusing the company and its former CEO (Wiedeking) and CFO (Holger Härter) for manipulating the market and trying to cover up the losses Porsche suffered after VW shares soared.

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