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Ford's net profit slips to $1.65 billion for the third quarter

Ford Motor Co., hurt by accounting changes related to commodity prices, said third-quarter net profits fell slightly to $1.65 billion from $1.69 billion a year earlier. Pretax profits fell to $1.94 billion from $2.06 billion a year earlier. North American pretax operating profits were essentially flat from the year-earlier period at $1.6 billion.

Hungarian GP qualifying: Rosberg on pole for Mercedes – Hamilton out of qualifying after car fire

Hungarian GP qualifying: Rosberg (pictured) on pole for Mercedes Lewis Hamilton seems to have had most of the unreliability problems that have hit Mercedes this year, but a fire in his car before he even set a time in qualifying for the 2014 Hungarian Grand Prix today in Budapest was a cruel blow to his title chances. Hamilton managed to limp his stricken car in to the pits as flames licked round the back after what appears to have been a fuel leak, but that means Hamilton will start from the back of the grid tomorrow, making it incredibly difficult to get even close to Rosberg who finished qualifying on pole. Behind Rosberg, Sebastian Vettel managed to put the Red Bull in second, with Williams’ Botas in third during a final qualifying that saw rain drench the first corner, nearly claiming Rosberg and sending McLaren’s Magnussen in to the tyre barrier and out of Q3.

P1 Supercar Club in administration

The P1 Supercar Club seems to have fallen by the wayside. [ad#ad-1] In a buoyant economy, with plenty of ‘Readies’ floating around, the Supercar Club Concept (where members pay an annual fee for the use of a fleet of Supercars for a fixed number of days a year) works well. Clubs in the UK have sprung up all over the place, inspired by the success of the P1 Supercar Club, co-founded by Damon Hill in 2000.