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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.

Mercedes F125 concept (2011) at Frankfurt motor show

Mercedes today unveiled the F125 concept car - a car bearing the three-pointed star's F name to demark it as a tech testbed, and the 125 to mark Merc's 125th anniversary in this four-wheeled business. It's a hydrogen fuel-cell vehicle, and Merc claims a punchy 1000km (620-mile) range. But the scientists here are proud of the cutting edge lithium sulphur batteries, used to store energy created by the fuel-cell.

Toyota outlines quality reforms; chief bows out of U.S. hearings

Conceding that breakneck expansion led to Toyota Motor Corp.'s current recall crisis, president Akio Toyoda outlined reforms meant to get quality back on track, including more active use of the car's so-called black box crash data recorder. Toyoda, grandson of the carmaker's founder, also indicated he won't sit before Congressional hearings into the quality lapses that have triggered recalls of more than 8.5 million vehicles since last fall. Yoshimi Inaba, the head of Toyota's U.S.