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Ecclestone faces £4 million bill

MOTORSPORT boss Bernie Ecclestone must pay lawyers' bills adding up to about £4 million despite winning a High Court fight with a German media company, a judge has ruled. In February, Mr Justice Newey had dismissed a claim for around £80 million in damages by Constantin Medien - which had said it lost out after Mr Ecclestone entered into a "corrupt agreement" with a banker to facilitate the sale of the Formula 1 Group to a buyer chosen by him. But, despite ruling against Constantin after a High Court trial in London, the judge had described 83-year-old Mr Ecclestone as not "reliable or truthful".

General Motors to offer car sharing via mobile app and OnStar

General Motors has partnered with a San Francisco-based start-up company named RelayRides to enter the car-sharing business. In early 2012, GM vehicle owners in California will be able to use the OnStar system to rent out their cars when they aren't using them. The service will available nationwide for OnStar subscribers by the end of the year.

UK new car registrations up again in July

New car registrations in the UK have risen for the fifth month running, with a total of 143,884 new cars registered in July 2012. The UK is continuing to buck the European trend with new car registrations up by 9.3 per cent in July (2102) to 143,884 according to new figures released by the Society of Motor Manufacturers and Traders (SMMT). That figure is the largest sales volume of 2012 and is the fifth month in a row that new car registrations have risen, despite economic woes and the Eurozone crisis, and brings registrations in 2012 to 1,201,564 so far, leading the SMMT to increase their prediction for 2012 sales upwards to 1.97 million.