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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.

BMW Megacity Vehicle (MCV)

BMW's Project i – an internal codename for a possible sub-brand dedicated to green urban driving – has been in the works for some time. The Vision EfficientDynamics concept, unveiled at the 2009 Frankfurt Show, showcased some of the lightweight technological advances and design thinking behind the forthcoming zero-emission cars. Recently the firm held a Project i event, where it released teaser sketches of the first vehicle to result from the project, the Megacity Vehicle (MCV) – a four-seater electric car with a rear-mounted engine and rear wheel drive.

Ford reports record $1.7 billion profit

Ford Motor Co. reported record third-quarter profits on Tuesday, raised its production forecast and said it will speed up steps to cut its debt. Ford's $1.7 billion in net income was up from $997 million a year earlier.