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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.

Toyota issues global recall to fix brake problems in hybrids

Toyota Motor Corp. launched a global recall Tuesday of 437,000 hybrid vehicles, including its popular Prius hybrid, as the world's No. 1 carmaker sank deeper into a quality crisis that has battered its image, hurt sales and triggered an onslaught of lawsuits.

Lamborghini Gallardo LP 550-2 Spyder at L.A.

Lamborghini Gallardo LP 550-2 Spyder arrives at LA Auto Show We’ve been expecting a drop-top version of the rear-wheel drive Gallardo – which first saw the light of day as a Balboni Limited Edition – for a while. And what better place to debut the Lamborghini Gallardo LP 550-2 Spyder than in a place where the sun always shines? So Lamborghini arrives at the L.A Motor show with a car that could have been built for California.