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Toyota sets Nurburgring record... for fuel economy

WHATEVER else you might say about Toyota, it seems the brand has a sense of humour. Driving enthusiasts will hand their (petrol)heads in shame after Toyota completed the 12.9-mile German track at an average of 698mpg. The embarrassingly pedestrian time of 20 minutes and 59 seconds was set by motor journalist and Japanese car expert Joe Clifford, and since Toyota is the first to shame itself with a fuel economy run at the heart of performance car testing, it automatically sets a new efficiency record.

Hamilton wins in Hungary

Hamilton takes McLaren's firts win of the season at the Hungaroring Hamilton passed Red Bull’s Mark Webber early in the race, and found himself at the front of the pack when Alonso retired after a botched wheel change saw him lose his front wheel. Despite the pressure from Raikkonen Hamilton never really looked in danger of losing the lead and brought the McLaren home in first place for the first time this season. Team mate Kovalainen came in fifth, making this McLaren’s best showing of the season.

FCA issues warning on logbook loans

VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.