Gibbs' Aquada is a Land and Water Sports Car

The Gibbs Aquada is reportedly not selling well. That's a shame because we would hate to see these James Bond like land and water sports cars disappear. Autoblog says the price of the cars has been cut from $285,000 to $142,000. The vehicle became famous when Richard Branson used the car/boat to cross the English Channel in 2004. It can travel at 30 mph on water and over 100 mph on land.

Autoblog.com says in a report on sales of the vehicle, "No buyers have come forward to buy the car even now that Gibbs has slashed the price to $142,000. The company now says they are looking to sell the technology since they can't sell the car."

Update: There may be hope yet. Fox News reports that the Aquada amphibious vehicle is coming to the U.S. The article says it will cost $85,000 and go on sale late in 2009. With this new price it means the price will fall another $57,000. The vehicles will reportedly be built in the U.S.

There is also a book out about the founder, called Serious Fun: The Life and Times of Alan Gibbs.

Here is a video of the Aquada in action.

Update 8-28-14: Gibbs Sports, the company behind the Aquada, now manufactures vehicles that function as both a jetski and land vehicle. They are called the Quadski and Quadski XL. You can find out more about them at gibbssports.com.