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Ferrari and watchmaker Hublot ink long-term deal

Saturday under cloudy Florentine skies, Ferrari president Luca Cordero di Montezemolo and Jean-Claude Biver, CEO of Hublot S.A., arrived at Autodromo Internazionale del Mugello, the practice track for Scuderia Ferrari, to make an announcement bright with promise: For the third time since its founding, Ferrari will enter into a long-term timepiece collaboration, this go-around with Hublot. The freshly inked five-year partnership technically commences in January, but both Montezemolo and Biver were almost giddy of Saturday's announcement and indicated that prototypes were under way. Officially Hublot will be the “watch and timekeeper of Ferrari,” as well as the “timekeeper of Scuderia Ferrari,” the company's racing arm.

'Dalek' taking on charity challenge

A GROUP of Doctor Who die-hards from Warwickshire have transformed a battered old car into a Dalek for a charity rally across Europe. Four friends have spent months turning the seven-year-old Fiat people carrier into a four-wheeled likeness of The Doctor's arch-nemesis for the Wacky Rally, starting Friday. Clare Brookes, a funeral director by trade, is hoping the eye-catching car - which has a loud hailer jammed in the sun-roof that emits "exterminate" on demand - will help them raise money for the Teenage Cancer Trust.

U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.