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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.
Mercedes-Benz B-class Electric Drive starts at $42,375
Thu, 01 May 2014Even though the gas-powered Mercedes-Benz B-class has been out in Canada for a few years now, long enough to receive a facelift, we Americans will be getting the compact MPV in electric form only. Sales of the B-class Electric Drive will start this summer with the BMW i3 in its sights. Here's what buyers can expect when this tall four-door electric hatch silently rolls into dealership showrooms.
Four guilty over 'crash for cash'
Thu, 26 Sep 2013A GANG that deliberately crashed a 12 tonne bus with 26 passengers on board as part of a huge "crash-for-cash" scam, has been described as a "a professionally-planned, highly-organised group" by police. Officers were speaking after four people were found guilty at Sheffield Crown Court of playing a part in a fraud conspiracy worth almost £500,000. Seven other people had already pleaded guilty.