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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".

Subaru Stella Plug-in Electric Car (EV)

The Subaru Stella Plug-in EV goes on sale in Japan today Not designed to be anything other than a city car, the Subaru Stella has a range of around 55 miles on a full charge of its Li-ion batteries, which can be charged in about five hours from a standard socket (or in 15 minutes from a quick-charge outlet), and a has top speed of 62mph – so it really is a city-only car. Based on Subaru’s existing Stella mini-car the Stella EV is powered by a 60bhp (47kw) electric motor that delivers 125lb/ft of torque from the off. It also incorporates a regeneration system that tops up the batteries during deceleration to help the range.

Tesla Model X SUV delayed until 2015

Tesla has revealed that its Model X SUV – based on the Model S – will be delayed until 2015 so Tesla can concentrate on Model S sales. Despite plenty of cynicism in the car industry that Tesla could deliver their Model S saloon at all, never mind at a reasonable cost, Tesla has confounded its critics by not only launching the Model S, but seemingly taking as many orders as it can handle. On the face of it, that’s not surprising.