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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".
BMW to supply engines to Saab, reports say
Mon, 27 Sep 2010Saab and BMW AG have agreed on a deal that allows the Swedish carmaker to use engines made by BMW, according to a person with direct knowledge of the matter. Saab will initially purchase BMW engines for the 9-3 model that is scheduled for release in late 2012, said the person, who asked not to be identified before a contract is signed. The carmakers plan to sign and announce the pact in Trollhattan, Sweden, on Wednesday, the person said.
Tata Megapixel concept car at 2012 Geneva motor show
Tue, 06 Mar 2012Remember the Tata Pixel, the posher, glitzier small car from the makers of the Nano breadcase? Now it's back for 2012, with the new Tata Megapixel concept car. It's an upgraded version of Tata's study into an urban runabout for the future, an electric supermini with a motor in each wheel.