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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.

Bentley appoints new CEO, poached from Porsche

Bentley has announced the appointment of Wolfgang Dürheimer as its new chairman and chief executive officer. He will also head up Bugatti, as did predecessor, Franz-Josef Paefgen. Dürheimer, who joins Bentley from Porsche where he headed the research and development team, will start his new role at Crewe on 1 February 2011.

Jaguar tells design story behind new XF Sportbrake [w/video]

Jaguar has released a walk-through of the design of its new XF Sportbrake, which debuted at last week's Geneva motor show. The video features Jaguar design boss Ian Callum and Studio Director Wayne Burgess explaining how the design team managed to keep the company's first official estate car in line with the sportiness and luxury nature of Jaguar brand. Callum says, "I know it's a very practical car, there's an amount of pragmatism in it, it is functional, but at the end of the day it is we call a Sportbrake, it has to look to sporty.