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Carroll Shelby's 2009 Mustang GT500 KR to go up for auction
Thu, 02 Aug 2012The unseemly fight over Carroll Shelby's remains is thankfully over. His creations and legacy are due for a massive celebration in two weeks' time in Monterey. And Vicari Auto Auction has just announced the sale of one of his personal cars.
GM leapfrogs Toyota
Tue, 24 Jul 2007By Chris Hope Motor Industry 24 July 2007 10:19 Is General Motors winning the battle, but not the war? GM this week wrestled back its top spot as the world's biggest car maker from Toyota. The Japanese maker was the global number one in the first quarter of 2007 but GM has hit back in the second quarter from April to June to reclaim its 76-year-old crown.
Williams F1 sells Williams Hybrid Power to GKN for £8 million
Mon, 07 Apr 2014GKN have bought williams Hybrid Power in an £8 deal Back in 2010 we reported on a flywheel developed by Williams F1 that recoups energy from braking, and was fitted to a Porsche 911 GT3 to give an extra boost of power. Williams F1 developed the Flywheel technology with a start-up company, which it bought out for £1.5 million in 2010, and now that company – which became Williams Hybrid Power – has been sold to GKN in a deal worth £8 million – and a share of sales revenue going forward – and is being renamed GKN Hybrid Power. The plan is to use the flywheel technology to reduce fuel consumption of transport that is constantly stopping and starting – it’s currently being used on a bus operating in London – and Williams expect it could cut fuel use by up to 30 per cent.