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".

Mercedes-Benz reveals new V-class

Mercedes-Benz has returned to the luxury MPV ranks with a resurrection of the V-class – the commercial vehicle based multiseat van first introduced to the German car maker’s lineup in 1996. Positioned as an upmarket rival to the likes of the popular Volkswagen Multivan, the new V-class was conceived and developed in a joint-engineering program with the third-generation Vito, which it will be produced with at Mercedes-Benz’s Vitoria factory in Spain. Set to go on sale in Europe shortly after its public debut at the Geneva auto show in early March, the V-class is being considered for sale in the U.S.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.