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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.

Race2Recovery: Wounded vets to compete in Dakar Rally

The 2013 Dakar Rally will include five teams of disabled veterans in its 575-entry roster. An organization called Race2Recovery will enter 24 men and women, most veterans of the US and British armed forces and most of them wounded in battle. They'll take to the wilderness of South America with the rest of the competitors on Jan.

'Outside the Oval' art exhibition showcases Ford Australia design team's creativity

Members of Ford's Melbourne design team have created over 30 works of art for a new exhibition. Called Outside the Oval, the event is normally held internally, as an opportunity for the design team to explore creative pursuits that may have previously been limited to their spare time. However, this year it will be opened to the public for the first time, with artworks including sculpture, 2D paintings and digital art.