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Lamborghini Gallardo LP 550-2 Valentino Balboni: It’s official

The Lamborghini Gallardo LP 550-2 Valentino Balboni has been released in honour of Lamborghini Test Driver Valentino Balboni Our report on Monday on the leaked pictures of the latest Lamborghini – The Lamborghini Gallardo LP550-2 – was right in pretty much every way, but what we didn’t know was that Lamborghini had bestowed the ultimate accolade on their Veteran Test Driver by naming the new car in his honour. So this is officially the Lamborghini Gallardo LP 550-2 Valentino Balboni. So now the world, not just Lamborghini aficionados, know exactly who Valentino Balboni is.

Ferrari launches 12-year Power Warranty

Have you managed to save enough pennies for a new Ferrari 458 Italia, only to find yourself reluctant to take the plunge? Perhaps you’re fearing the ongoing cost of running such a thoroughbred supercar, you know, should things go wrong. But worry no more, because Ferrari has launched a new ‘Power Warranty’.

2010 LA Design Challenge entrants revealed

Entries for the 2010 Los Angeles Design Challenge have now been revealed. The futuristic proposals, which called for designers to envision a 1000lbs (454kg) 2+2 vehicle that delivers comfort, safety and satisfactory driving performance without sacrificing the emotional connection today's consumers demand from their vehicles, come from the west coast design studios of seven automakers – General Motors, Honda, Mazda, Mercedes-Benz, Nissan, Toyota and Volvo. For the first time since the Challenge's inception, studios outside California have also been allowed to enter the competition.