15 Articles
Report
Ecclestone headed for $100M settlement in F1 bribery trial

Formula One bigwig Bernie Ecclestone has opened his wallet to finally put an end to his trial for alleged bribery in Germany. According to Britain's The Telegraph citing the Süddeutsche Zeitung, the controversial racing magnate offered a 60 million pound- ($100 million-)

First buses arrive as part of the Plug-In Hybrid Electric School Bus Project

Two of the first 19 hybrid school buses have just been delivered to Manatee County, Florida as part of the Plug-In Hybrid Electric School Bus Project. Designed to test the viability of the new buses, a hybrid and a control bus will travel the same route, alternating every two weeks, for a period of two years which should equate to more than a million miles of service each.

Consolidation in the fuel-cell industry - Plug Power buys Cellex

Fuel-cell manufacturer Plug Power Inc. which produces backup power systems for the telecommunications industry is acquiring Cellex Power Products Inc. We've mentioned Cellex before as the fuel-cell manufacturer who partnered with Wal-Mart to undertake a trial of 12 hydrogen fuel-cell powered pallet lift trucks over four months. The $45 million acquisition, offset by Cellex's $8 million c

Mickey Thompson murder trial begins

The murder of motorsports legend Mickey Thompson and his wife in 1988 was one of the most brutal crimes to hit the automotive world. Nearly two decades later, prosecutors in Pasadena, CA hope to bring the alleged perpetrator to justice. The trial against Michael Goodwin opened on Monday with claims that two yet-unidentified hitmen fatally shot Trudy Thompson before killing Mickey outside the couple's home.

Hyundai chief springs from the slammer!

Hyundai chairman Chung Mong-koo put up bail to the tune of $1 million last week to be freed from jail after being imprisoned for two months on corruption charges that involved using company funds for personal and political use. The 68-year-old executive, who showed up to court appearances in a wheel chair, pleaded with the court via his lawyers citing his detiorating health, a major Korean automaker that would be lost without him, and the fact that he has already ad