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Mexican Carlos Slim becomes the latest person to express an interest in buying out the Honda Motor Company, in a bid to save the Honda Formula One team.

Toyota counter speculation they may join their Japanese rival Honda in withdrawing from Formula One. “We have absolutely no plans to withdraw from Formula One,” the team tells The Guardian.

FIA president Max Mosley says he will decide in June whether to stand for re-election. Mosley announced in April that he would not stand again after becoming embroiled in a sado-masochistic sex scandal that triggered calls for his resignation.

McLaren’s Heikki Kovalainen wins his maiden grand prix in Hungary as Felipe Massa’s leading Ferrari breaks down three laps from the finish and Lewis Hamilton comes in fifth after suffering a puncture. Timo Glock takes his first podium ahead of Kimi Raikkonen, who finishes third.