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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.

Lexus GS 300h: Shanghai Motor Show

Offering much better economy than the GS 450h, it offers not only a viable alternative for private buyers looking for a bit of beautifully built Japanese luxury with lower running costs, but also makes the GS a much more appealing option for company car drivers – probably where most of the sales will be made. Lexus are aiming for Co2 emissions below 110g/km for the GS 300h (the IS 300h manages 99g/km) which will give headline economy around 60mpg – a third better than the GS 450h can manage. Power comes from the same hybrid drivetrain as the IS 300h, which means a 2.5 litre petrol mated to an electric motor and delivering 215bhp and o-62mph in around 8.5 seconds.

Koenigsegg Agera & Agera R 2012 updates

The Agera & Agera R get a raft of tweaks for 2012 Koenigsegg has revealed improvements to the Agera and Agera R for 2012, which will debut at Geneva next week. We’re not sure just how many Koenigsegg Agera R models have actually been built and delivered (or the standard Agera R, for that matter), but however many it is it’s not more than a handful. Still, standing still means going backwards – whether you’ve built a single car or a million – so Christian von Koenigsegg and his men in the snow in a shed in Sweden have been busy putting the Agera and Agera R at the cutting edge for 2012 models.