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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".

Mercedes Electric Drive B-Class at Paris 2012

Mercedes has revealed an electric version of the new B-Class – the B-Class Electric Drive Concept – which will debut at Paris 2012. Mercedes has revealed the electric B-Class in the guise of the B-Class Electric Drive Concept – a name Mercedes say will find its way on to the boot of all electric Mercedes, Smart and Tesla cars – which previews a production version by 2014. Powering the B-Class Electric Drive is the Smart electric Drive powerplant, located in the space normally taken up by the ICE, which offers 134bhp and a healthy 228lb/ft of torque with the batteries to power the electric motor housed in what Mercedes are calling the B-Class’s Energy space ahead of the rear axle.

Gulf One Z06 tops $1 million at auction

An icon of 1960s racing, the Gulf One Corvette Z06 racer, was in familiar position last weekend at the Mecum Auction--first. The 1963 car sold for $1.05 million at the Kissimmee, Fla., event--doubling the price of a 1962 Mercedes 300 SL, which went for $525,000, not including the buyer’s premiums. The racer is based on a production Corvette Sting Ray.