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EV car maker Aptera shuts down

Automotive startup company Aptera Motors, promoter of the weirdly styled, three-wheeled 2e electric car, shut down on Friday, saying it was out of money. The company said it was unable to raise funds from private investors that would have kept it going until it received a $150 million loan from the Department of Energy's Advance Technology Vehicle Manufacturing program. "This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision," CEO Paul Wilbur said in a statement.

Ford B-Max goes in to production

The Ford B-Max – Ford’s long overdue replacement for the Fusion – has gone in to production in Romania before going on sale in Europe in September. The Ford B-Max is the long-awaited replacement for the very ancient Ford Fusion which finally, a year on from the B-Max Concept - arrived at this year’s Geneva Motor Show in production guise. Thankfully – because the B-Max concept as so convincing – Ford has managed to deliver a production B-Max that carries over almost all the features of the concept with just a few minor things – like more sensible wheels and proper door handles – marking the production B-Max out from the concept.

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".