Not only is seeing this $1 million Pagani Zonda F totaled a sad sight, it’s also the second time one has crashed in Hong Kong. Only 106 Pagani Zondas have been produced and only 25 of them were Zonda F units.

 

Toyota plans to to add 850 workers when they institute a second shift at their San Antonio, Texas pickup factory in February, according to company manufacturing spokesman, Mike Goss.

 

 

Volkswagen AG announced today that it has taken a 49.9 percent stake in Porsche AG.

 “The next important step on the way towards the integrated automotive group with Porsche has therefore been completed, as announced, before the end of the year,” Volkswagen said in a statement.

 

Ed Whitacre, chairman and acting CEO for General Motors, is avoiding making a public statement regarding the recently tumultuous nature of the company’s leadership. Whitacre was scheduled by GM to speak to the press tomorrow morning regarding the board’s seeking and receiving of, CEO Fritz Henderson’s resignation last week.

 

Transportation for America, a nonprofit safety organization says that Florida ranks first (or last, depending on your point of view) in pedestrian-vehicle collisions, registering a total of 490 deaths last year from such accidents.

 

Zhejiang Geely Holding Group is seeking $1billion in loans from Chinese banks to finance its bid for Ford-owned Swedish car maker Volvo. Sources say that three major banks; Bank of China, China Construction Bank, and Export-Import Bank of China have agreed to extend loans to the company.

 

In the latest attempt to address deadly auto-rollovers, the National Highway Traffic Safety Administration proposed that larger and stronger side air bags be required to prevent ejections during rollover crashes. The measure, according to the NHTSA, could reduce rollover crash deaths by more than 10,000 instances per year.

 

On the even of his keynote speech at the 2009 LA Auto Show and after just 8 months on the job, General Motors’ Fritz Henderson has resigned his position as CEO of the Detroit automaker.

 

This year’s Detroit Auto Show will see its lineup grow by 4 manufacturers over lats year’s show, says the show’s senior cochair Doug Fox. So far 54 companies have committed, and Fox says that he wouldn’t be surprised if more signed up still.

 

In a spin off of Guitar Hero and DJ Hero, General Motors will show its Car Hero video game at the 2009 LA Auto Show. The game is focused around getting young drivers educated while decreasing distracted driving risks.