Paul and Waugh were in San Francisco recently talking about making the movie, shooting in Northern California, and paying homage to some of cinema's most popular action movies.
Waugh paid tribute to some of the most white-knuckle, adrenaline-fueled action movies of all-time including "Bullitt" and "Top Gun."
"San Francisco represents one of the best car movies ever, which is Bullitt," he said.
The director also admitted to hiding Easter Eggs throughout the picture to pay tribute to those movies.
The climactic race was filmed on the Northern California coast and some of the movie's more poignant scenes were shot in San Francisco.
From being Walter White's whipping boy to carrying a Hollywood blockbuster, Paul's star is on the rise. He'll be starring opposite Christian Bale and Kate Winslett in two upcoming movies.
While Need for Speed won't win any Oscars, the movie is a rollicking thrill ride that will leave moviegoers entertained.
"Need for Speed" clips courtesy Dreamworks
"Bullitt" trailer courtesy Warner Bros