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F1 boss denies 'corrupt bargain'

MOTORSPORT 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".

Faurecia opens new Shanghai Technical Center

Faurecia has opened a new technical center in Shanghai, China, which will also serve as its Chinese headquarters. The automotive equipment supplier wants to reinforce its research and development capabilities and engineering localization in the world's largest automotive market. The new 18,000 square meter Faurecia China Tech Center is made up of the Training Center and the Tech Center, which includes an industrial design facility, two showrooms and various prototype workshops alongside five labs for testing, acoustics, airbag, complete seat and quality inspection.

Audi S8 tuned to 640 hp by ABT Sportsline

Volkswagen Group tuning house ABT Sportsline debuted its latest version of Audi's flagship luxury-sport sedan, the Audi S8. The already quick sedan has received a facelift for the 2015 model year, as revealed a few months ago at the 2013 Frankfurt Motor Show, and it didn't take ABT Sportsline long to get their hands on the latest version. While Audi's changes to the exterior have been relatively mild, with restyled front and rear bumpers and a slightly redesigned grille, the tuning house once again focused on changes under the hood.