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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".

Chrysler first-quarter profits down

Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.

Ian Callum’s Jaguar Mark 2 goes in to limited production – costs from £350,000

Ian Callum’s Jaguar Mark 2 goes in to limited production Jaguar designer Ian Callum has worked with Classic Motor Cars Limited (CMC) for more than a year to produce his perfect Jaguar Mark 2, and it’s been so well-received it’s going in to limited production. Still looking like a Jaguar MK II – but with a few modern twists – Ian’s car gets integrated bumpers for a smoother look, louvres on the front wings, a set of split-rim wire wheels, an upgraded 4.3 litre XK engine, five-speed manual ‘box, upgraded suspension and brakes and a new interior. To our eyes, the whole car looks incredibly homogeneous and not at all like the ruination of a classic, and that seems to be the feeling of Jaguar lovers round the world.