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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".

Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.

CLASSIC CARS EASY PREY FOR THIEVES

CLASSIC cars will always have an appeal for those willing to forego today’s modern extras like power-steering and air conditioning for the thrill of owning and driving a timeless machine. However, Tracker, the UK’s leading stolen vehicle recovery company, is warning that it is not just creature comforts these valuable cars are missing, but important modern security features which make them an easy target for thieves. Stuart Chapman, head of Tracker’s Police Relationship Team, said, “Classic car owners are understandably cautious when it comes to installing alarm systems and immobilisers.