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Mark Fields replaces Alan Mulally as Ford CEO

Ford Motor Co. named Mark Fields to replace Alan Mulally as CEO on July 1, handing the reins to a 25-year company veteran after being saved by an auto industry outsider. “From the first day we discussed Ford's transformation eight years ago, Alan and I agreed that developing the next generation of leaders and ensuring an orderly CEO succession were among our highest priorities,” Executive Chairman Bill Ford said in a statement.

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 X4 confirmed – one more time

It was always going to be on the cards after the unexpected success of the X6, but the birth of the BMW X4 – a coupé version of the new X3 – has been the subject of endless rumours, almost since the X6 started to sell in unexpected numbers. We reported as far back as April 2010 that BMW were close to deciding an X4 was a no brainer; after all, with a lot of the world ‘downsizing’ their transport, a smaller X6 should be a seller. By this time last year we heard that BMW had already made the decision and we had it on good authority that the X4 was confirmed and signed-off and would be heading to showrooms by 2013.