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‘Nemesis’ breaks UK electric car speed record

An electric car – based on a second-hand Lotus Exige – has broken the UK electric car speed record with a speed of 151.6mph. We’re not entirely sure how relevant a new UK speed record for an electric car is, but let’s be parochial and report it anyway. The ‘Nemesis’ is an electric car built round a second hand Lotus Exige, bought off eBay, by a team of engineers in a shed in Norfolk and driven by an Estate Agent from Gloucestershire.

Brighton Speed Trials under threat

Nearly 8,000 people have signed a petition to see the Brighton Speed Trials return in 2014. The event, which dates back to 1905, was cancelled last year while an inquest determined the cause of a fatal motorbike crash that occurred in 2012. Now organisers are urging the local council to give them permission to return to the Speed Trials to Brighton’s Madeira Drive this summer.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.