TMZ reports that, Walker died in a car accident and explosion in Southern California. The actor was reportedly riding in a Porsche that lost control for an unknown reason and hit a post or a tree causing the explosion.
Other sources have told TMZ that the actor and another person were killed in the accident. It is also reported that Walker was in Santa Clarita for a car show to support the relief effort for the Philippines typhoon and took the Porsche out for a test drive that ended in a crash.
Walker's team released this statement:
"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."
Walker died at the age of 40.
This is an developing story, please check back for updates.