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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.

Finance rates confirmed for fastest Seat ever

SEAT HAS announced finance deals that should see its fastest-ever car leave the showroom at furious pace. The entry-level Leon Cupra 265, so named for its count of horsepower, after a £1,000 deposit contribution from Seat, could be yours from £265 per month. Over 36 months, the 4.9% interest deal is fully flexible, and the monthly payments can be reduced with a larger deposit if buyers have something to add to the £1,000 leg-up.

VW sells 5 million cars in China

VW has hit 5 million car sales in China But some car makers saw the future long before the rest. Volkswagen has been making cars in China for 25 years in collaboration with Chinese partner SAIC. And 25 years ago China was a very different place to the country it is now, so it was a brave move and a big risk for VW at the time.