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Hungarian Grand Prix 2012: Hamilton on pole for McLaren

In a dominant display at the Hungaroring. Lewis Hamilton has put McLaren on pole for tommorow’s Hungarian Grand Prix. We said after last week’s German Grand Prix that it looks like McLaren has found the speed that’s been eluding them lately, and if Hamilton’s qualifying for tomorrow’s Grand Prix at the Hungaroring is anything to go by they’ve not only found the speed they’d lost but a bit more too.

General Motors CEO Rick Wagoner to quit, reports say

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said. A senior Obama administration official told NBC's John Yang that Wagoner, 56, was asked to step down by the White House. The automaker, which has lost about $82 billion since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S.

Maserati head to India

Maserati Quattroporte will be the big seller in India It’s not a surprise that Maserati has announced it’s going to enter the marketplace in India, very sensibly in partnership with Indian luxury retailer the Shreyans Group, who also import Ferrari. After all, just about every other car maker is rushing headlong to the sub-continent to cash-in on India’s booming economy and Maserati wants a piece of the action. It doesn’t matter whether you’re Tata selling the Nano for a plate of rice and a cow’s udder, or Bugatti wanting a Maharajah’s Palace in exchange for their hypercar, it’s boom time in India at almost every level of consumption.