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Lamborghini 'their choice' says Webb
Fri, 21 Mar 2014IT 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.
Future products: BMW focuses on small crossovers, new EV subbrand
Tue, 31 Aug 2010BMW will concentrate on small crossovers next year with a redesigned X3 and the all-new X1. Both are based on the redesigned 3-series sedan, which will arrive in 2012. In 2013, a new subbrand of electric and hybrid vehicles being developed by BMW's Project i group will debut.
Volkswagen Brands – enough for now
Mon, 21 Dec 2009VW boss Martin Winterkorn says Volkswagen has enough brands Volkswagen seems to be on a world domination plan. Audi is expanding with every passing day and the VW Group (Auto Union to be) has an unrivalled list of brands under its umbrella, including Audi, SEAT, Skoda, Bentley, Lamborghini, Bugatti and of course VW itself. It also recently effectively took control of Porsche (after the failed efforts by Porsche to take control of VW) and has just announced a near 20% stake in Suzuki.