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Lamborghini 'their choice' says Webb

IT WILL be up to pensioners whether they spend their retirement pot on a Lamborghini, Pensions Minister Steve Webb said as he defended a relaxation of rules announced in the Budget. Critics have warned that allowing pensioners to draw down the cash rather than being forced to buy an annuity will result in some blowing the fund and relying solely on state help. The luxury Italian sport cars sell for six-figure sums.

Kia launches Cadenza as replacement for Amanti sedan, hits North America in 2011

Kia is replacing its Amanti large sedan with a new model called the Cadenza, which was unveiled today in South Korea. It goes on sale there this year and in North America in 2011. The five-seat Cadenza is shorter than the Amanti but has a longer wheelbase delivering more interior space, Kia said in a release.

Second annual ENG Automotive Design Summit held in Rome

European Networking Group (ENG) held their second annual Automotive Design Summit May 12-13. To follow on from the success of last years event in Barcelona, the event was held in the stylish Es Hotel in Rome, Italy. The event featured workshops sessions and business case studies from some of the most renowned designers in the industry, seeking to bring both knowledge and inspiration to the participants over the two day event.