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Williams F1 sells Williams Hybrid Power to GKN for £8 million

GKN 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.

Raikkonen win for Ferrari in Belgian Grand Prix

Kimmi Raikkonen wind for Ferrari at Spa-Francorchamps But the big winner of the day was Force India, with Giancarlo Fisichella taking his car to an astonishing second place. And there was no luck in the position either, both Fisichella and the Force India were strong enough to have won with a little more luck. Starting from pole, Fisichella was blitzed down the long straight by Raikkonen’s KERS, but managed to hustle the tail of the Ferrari to the end, finishing just 0.9 seconds adrift at the end.

Audi denies high price hits sales of new A1

Audi denied suggestions that its new A1 entry-premium car is losing sales because it is priced too high. Audi dealers and industry observers believe the A1 is failing to attract an expected rush of customers because it costs too much for its target group of young people, according to Automobilwoche. The A1's starting price is 15,800 euros ($20,873) in Germany.