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Lewis Hamilton takes pole in Hungarian Grand Prix

Lewis Hamilton (pictured centre) takes pole in the 2013 Hungarian F1 ahead of Vettel (L) & Grosjean Sebastian Vettel had looked the man in form, and most likely to take pole position for tomorrow’s Hungarian Grand Prix, but L:ewis Hamilton surprised him – and surprised himself – with a stunning final lap in the last moments of final qualifying. Hamilton’s storming lap beat Vettel in to second place and was stunned to be told on the radio he was in P1. “Is that pole?”, said a surprised Hamilton, before whooping with glee.

Chrysler is set to invest $500 million in Toledo Jeep assembly plant

Chrysler Group plans to invest $500 million in its Toledo North Assembly Plant and hire a second shift of workers over the next year to build a new Fiat-based SUV for Jeep, as well as other vehicles. "This plant has been chosen to build the future Jeep SUV to replace the current Jeep Liberty that will be exported to markets all over the world," CEO Sergio Marchionne said at the plant Wednesday. "Jeep is at the heart of our plans to internationalize Chrysler, a process which is being accelerated by Chrysler's access to Fiat's distribution capabilities in Europe and Latin America." Toledo North is Chrysler's only assembly plant with only one shift of workers.

Higher gas prices? Blame ethanol

MarketWatch reported today that the price of ethanol has seen a 30-percent price increase so far this year, taking the price of gasoline up with it, since a good majority of "gasoline" sold today is around 10 percent ethanol. The average price of a gallon of gas today is $2.30, according to FactSet data, but this has varied since the beginning of 2014. Despite the recent surge, ethanol prices have also proved to be rather volatile with reports of it dropping 8 percent this past Thursday after falling 10 percent just the day before.