After the announcement earlier this month that Saleen is teaming with Gibbs for development and manufacturing work on their amphibious Gibbs Aquada, news comes down Gibbs is setting up their corporate offices in the Detroit Suburb of Auburn Hills. After a ten year development cycle, a million man hours of work, and $100 million invested in the project, the final steps are being taken to put the automotive platypus into production.
When the boat-car debuts, it'll be the first major amphibious civilian vehicle since the Amphicar went to market in 1961. The three seat Aquada will be able to hit 110 MPH on the street and about 40 MPH or 35 knots on the water and will sell for about $85,000. Production location has not be set yet, but Michigan is also high on the list for that one as well. We're just wondering how the insurance companies would handle water damage on an amphibious car. [Detroit News]