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F1 boss denies 'corrupt bargain'
Wed, 06 Nov 2013MOTORSPORT TYCOON Bernie Ecclestone has appeared at a High Court trial to defend himself against allegations that he made a "corrupt bargain" in a bid to stay at the top of Formula 1 racing. Mr Ecclestone has been accused of entering into a "corrupt agreement" with a banker to facilitate the sale of the Formula 1 group to a buyer "chosen" by him, A German media company says it lost out as a result of the deal and has taken legal action against Mr Ecclestone - chief executive of the Formula 1 group. Mr Ecclestone says Constantin Medien's claim "lacks any merit" and denies any "conspiracy".
Drayson electric racer breaks four speed records
Wed, 16 Oct 2013A BRITISH electric racing car has set four new land speed records on the same day. The Drayson Racing prototype racing car, which is powered solely by electricity, set new benchmarks for speeds over one mile and one kilometre with a flying start, plus a new standing quarter-mile acceleration record. The fourth record, subject to ratification, is a British land speed record for cars of any type driven by their wheels over one mile from a flying start.
Glickenhaus may enter LMP1 class at Le Mans
Wed, 19 Sep 2012James Glickenhaus, the man who brought you the Ferrari P4/5, is working on a new car to be used in top-level endurance racing such as the 24 Hours of Le Mans, possibly as early as 2014. Recently, sketches of the car—currently called the P4/5 Competizione LMP—have made their way to the Internet. Glickenhaus made his money in the stock market and film industry, but he became a household name among car guys when he commissioned the one-of-one Ferrari P4/5 Pininfarina.