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The more powerful, lightweight, rear-wheel-drive LP640 is planned for launch later this year. Work on Lamborghini’s upcoming Murcielago SV is progressing as planned. Insiders have told AutoCar that the SV will have more power than the Reventon and will be should weight 100kg less than the LP640. Producer say that the Lamborghini Murcielago will have at least 39 more horsepower than the Reventon coming in at 680.

The multimedia system and with the use of carbon fiber body parts and light alloy wheels, weight will be reduced by dropping the front differential and driveshafts, the gadgets that raise and lower the rear spoiler. Buyers will be able to opt for a smaller wing or a large wing, both made with carbon fiber.

Audi has officially revealed the new Audi TT-S for the European market after a long with the new 2.0L TDI Quattro. Audi TT Offered in both a Coupe and Roadster variant, the TT-S is powered by a 2.0 liter engine that produces 272-hp mated with an S-tronic dual-clutch transmission. 0-62mph comes in 5.2 seconds with a top speed of 155mph. Pricing for the Audi TT-S Coupe starts at €44,900 while the Roadster version goes for €47,750.

Nokia and the University of Cambridge exposed a potential phone of the future, called Morph . As part of a new design exhibit at the Museum of Modern Art in New York city,. Why “Morph”? The gadget’s flexible materials would allow you to twist it into different shapes, you could even wear it as a bracelet.

It also boasts a self-cleaning function on the surface that could extend the life of the phone. The concept device is nanotech-inspired, and would serve as a normal phone or mini-computer, complete with keyboard and touchpad. Nokia says some of the technology in Morph could start making its way into real mobile devices within seven years. That sounds like a long time to wait for phones that doubles as an accessory.

The 2009 Chevrolet Corvette ZR1 is said to be ‘an American supercar that brings the technology and engineering refinement of carbon-fiber, ceramics and electronics together in a distinctive design.’

The 2009 Chevrolet Corvette ZR1 will be powered by the new LS9 supercharged 6.2L V8 engine which engineers are still messing around with to hit a target of 620 horsepower and approximately 595 lb-ft. of torque. The new Corvette ZR1 was built on the same aluminum-intensive chassis as the Corvette Z06 which features similar independent SLA front and rear suspensions, with aluminum upper and lower control arms. The ZR1, however, gets a new suspension tuning, which was optimized for the car’s steamroller-wide front and rear tires.

The 2009 Chevrolet Corvette ZR1 will only be available with two options including chrome wheels and a “luxury” package when it hits dealerships next summer. Pricing is expected to be around $100,000.

Canon put essence over style when it designed the PowerShot A590 IS, and in doing so it made a awesome camera. Whereas the clunky-looking 8-megapixel shooter looks bland when compared with colorful, ultraslim, style-minded cameras, its remarkable insides help produce some of the nicest photos you’ll shoot for less than $200.

The chunky, practical design gives the A590 IS a functional and easy-to-handle feel at the expense of aesthetics. A large protrusion houses the camera’s two AA batteries on the right side of the body and also provides a steady grip. The 2.5-inch LCD screen leaves enough room for an optical viewfinder, a convenient sliding mode switch, and several large, responsive buttons. While it won’t slip as easily into a pocket as an ultracompact camera, and won’t elicit any impressed gasps from your friends, the A590 IS simply feels comfortable to use.