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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.

Audi R8 Spider (2007): first official pictures

By Tim Pollard First Official Pictures 27 July 2007 06:10 Audi R8 Spider: the lowdown Audi is lopping the top off its R8 supercar - and CAR Online has the exclusive proof. This official design sketch leaked from the company's Ingolstadt design studios shows exactly how the open-air R8 will look when it goes on sale in 2009. It follows our scoop on the Audi A1 yesterday, and we have more Audi news to come tomorrow.

Saturn alerts customers it is considering a spinoff

Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1.5 million Saturn owners Wednesday night, Saturn said it would have to line up products to sell--either from other manufacturers or from GM in the role of a vendor--after GM's current commitment to build Saturn products ends after the 2012 model year. "The Saturn Distribution Corporation already exists as an indirect subsidiary of GM," wrote Jill Lajdziak, general manager of Saturn, in the letter.