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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".

Alfa Romeo is not for sale, Fiat chairman says

Fiat will not sell its Alfa Romeo unit and plans to relaunch the brand in the United States in late 2012, top Fiat executives said. “We would not sell Alfa even if we were offered tons of money,” Fiat chairman John Elkann told reporters at the Detroit auto show on Monday. Fiat and Chrysler CEO Sergio Marchionne said: “Alfa is part of Fiat's operational perimeter and we've already invested too much to get rid of it.” Volkswagen AG is rumored to be pursuing Alfa Romeo.

McLaren P1 explained by Anthony Sheriff (video): Paris 2012

McLaren Managing Director, Anthony Sheriff, explains exactly what the new McLaren P1 Supercar will offer its customers. But the concept P1 does show exactly where McLaren are heading with the spiritual successor to the McLaren F1 road car of the 1990s, and it does look 95 per cent like the production car. We covered what detail we have on the new P1 extensively yesterday when McLaren officially unveiled the P1 in Paris – from its construction to its downforce and active aero – but it’s interesting to get a McLaren view on their new baby, which we have from McLaren’s MD Anthony Sheriff.