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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.

Subaru WRX Concept: New York Auto Show 2013 – UPDATED + video

Subaru has revealed a concept for the next generation WRX at the New York Motor Show this week, but will it make it to the UK? The Subaru WRX is the poster child for the Playstation Generation, but Subaru in the UK seem to have fallen out of love with the idea of a budget supercar, preferring to concentrate on fluffy bunny dreams of hybrids and fresh air from the tailpipe. So there’s a lot of uncertainty if the next generation WRX – previewed this week in New York by the WRX Concept – will make it to the UK when it turns in to a production model.

French government vows Renault reform after meeting with Ghosn

The French government will see to it that the individuals responsible for the now debunked Renault SA espionage affair are dealt with, the Finance and Industry ministers said in a statement. "The ministers underscored that they will pay close attention to organizational reform and individual responsibility (at Renault) based on the result of the audit," Finance minister Christine Lagarde and Industry Minister Eric Besson said in a joint statement after meeting with Renault CEO Carlos Ghosn on Thursday. The French state, which owns 15 percent of Renault, has called for a thorough investigation into discredited claims that three Renault executives were spying on the carmaker, possibly for a foreign government.