Paul Walker Dies In Car Crash

TMZ reports that the actor was in a Porsche when the driver somehow lost control and slammed into either a post or a tree before the car crashed and burst into flames.

It's understood that Walker and one other person who was travelling in the car were killed in the crash.
Earlier reports have suggested that Walker's death was a hoax.
Several local news outlets have reported that two people were found dead in a solo-vehicle crash in Valencia.

The Santa Clarita Valley Sheriff's Station has confirmed that a crash had taken place in that location and that two people were found dead inside the vehicle, reports ABC Local News.

Paul Walker’s official Facebook page confirmed the tragic news:
It is with a truly heavy heart that we must confirm that Paul Walker passed away today in a tragic car accident while attending a charity event for his organization Reach Out Worldwide. He was a passenger in a friend’s car, in which both lost their lives. We appreciate your patience as we too are stunned and saddened beyond belief by this news. Thank you for keeping his family and friends in your prayers during this very difficult time. We will do our best to keep you apprised on where to send condolences. – #TeamPW