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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.

VAT-free Alto offer extended

YOUNG car buyers have some early festive cheer to celebrate, with the announcement that Suzuki has extended its ‘VAT-free’ offer on the cute Alto city car model until the end of the year. The deal effectively takes £1,200 off the list price of the entry-level Alto SZ. That makes the five-door runabout just £5,999 to buy, and with a low deposit of £779 it can be driven away for £99 per month.

Volkswagen teases with sketch of new sedan for Tennessee factory

Volkswagen AG on Thursday released a sketch of the mid-sized sedan that will be built at VW's factory now under construction in Chattanooga, Tenn. The mid-sized sedan, which has yet to be named, will be slightly larger than the Passat. VW plans to build 150,000 units annually when the factory opens in early 2011.