The Rolls-Royce Motor Cars design team has announced a new Rolls-Royce Phantom Bespoke collection exclusively for the Arabian market.

The exclusive sedan features a Crème Light and Saddle Tan two-tone interior, hand-knotted silk rugs, and moccasin carpets.

Other design touches include “Mother of Pearl” wood inlays and silver dhow (an Arab sailboat) accents on the door trim and front passenger side dashboard.

Finally we can see the first pictures of new stunning Ferrari’s 458 Italia, released ahead of the official reveal at the Frankfurt Motor Show in September.

The 458 Italia is the latest incarnation of the mid-rear engined berlinetta.

The new model is a synthesis of style, creative flair, passion and cutting-edge technology, characteristics for which Italy as a nation is well-known.

With 552 hp, a body to die for, and a 0–60 time of 3.2 seconds, the Lamborghini Gallardo LP560-4 has little room for improvement.

But there is room for variation, and perhaps the most significant is the new Gallardo LP550-2 Valentino Balboni.

The LP550-2 Valentino Balboni is named after Lamborghini’s esteemed test driver, who was hired by Ferruccio Lamborghini himself in 1967, and who has been instrumental in developing the dynamic attributes of every Lamborghini model introduced since 1973.

Thanks to the recession, those surviving in the super-rich category will not have to wait so long for their dream car as luxury sports producer Lamborghini halves its delivery time.

Stephan Winkelmann, chief executive of the Italian car maker, told Financial Times that sales so far this year were down 30 per cent, obliging Lamborghini to reduce the waiting period to six months from one year.

Lamborghini, which built a record 2,430 cars in 2008, helps maintain its brand prestige by keeping production levels below demand, as does its rival Ferrari.

A Porsche 911 convertible previously owned by Cristiano Ronaldo is for sale on Auto Trader.

The 24-year-old Reds forward - who is heading to Madrid in a world-record £80m move - has sold his two-year-old Porsche 911 Carrera 2 Tiptronic to a dealer who has now put it on the market for £70,000.

Under the bonnet of Ronaldo’s black supercar is a 3.8 litre engine with 355bhp allowing acceleration of 0-62mph in just 5.4 seconds.

Porsche said China may pass Germany as its second-biggest market within three years on rising wages and demand for new Panamera sports sedan.

Porsche unveiled the car at the Shanghai auto show in April, the first time it debuted a new model outside of Europe or North America.

“All premier manufacturers are showing good results” in China, Helmut Broeker, Porsche’s China head, said in a June 12 interview in Shanghai.