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Bill Gates, venture capitalist invest $23.5 million in EcoMotors

EcoMotors International has received $23.5 million from Microsoft Corp. Chairman Bill Gates and investor Vinod Khosla for engineering and testing of its trademarked Opoc engine technology. EcoMotors said in a statement Monday that the investment marks a key advance in commercializing its opposed piston-opposed cylinder engine.

Hyundai Genesis, Ford F-150 win awards at the Detroit auto show

On Sunday of the Detroit Auto Show, Hyundai Genesis won the 2009 North American Car of the Year award, nipping the Ford Flex by a miniscule nine-point margin. The redesigned Ford F-150 pickup, the odds-on favorite in the truck category, was named 2009 North American Truck of the Year. Genesis beat out the Flex and the third-place finisher, the Volkswagen Jetta TDI, despite being the first Korean car ever nominated for the award.

Rimac Concept_One Electric Supercar Salon Prive debut

The very impressive Rimac Concept_One electric hypercar, which debuted at Frankfurt 2011, is to show at Salon Prive. Now the Goodwood Festival of Speed  is over for another year, the next big petrolhead event is Salon Prive – which has been pushed back to September to avoid clashing with London 2012 – and Mate Rimac has announced his Rimac_One electric hypercar will be making its UK debut on the lawns of Syon Park. The Mitac_One, which was revealed at the Frankfurt Motor Show last year and conceived by precocious 24yr old Mate Rimac,  is a technological tour de force for electric cars, offering four electric motors – one on each wheel – which can accelerate and decelerate independently to offer true four wheel vectoring and stunning handling.