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Toyota aims for a comeback, shuffles execs
Wed, 09 Mar 2011Toyota, unveiling a new business plan to double operating profit by 2015, will remove its head of North America from a downsized board and promote Canada chief Ray Tanguay to be its highest non-Japanese executive. Yoshi Inaba, 65, continues to lead Toyota North America and Toyota Motor Sales U.S.A. while becoming one of 18 directors to lose board seats.
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.
Aston Martin Cygnet Concept – an ‘Urban’ Aston Martin
Mon, 29 Jun 2009The Aston Martin Cygnet Concept - an 'Urban' Aston Martin based on the Toyota iQ I have to confess, we didn’t see this coming – an Aston Martin based on the pocket-sized Toyota iQ. This must, by a very long way, be the smallest Aston Martin ever conceived. But it seems to have been conceived to be the ‘Urban’ alternative to a big DB9 or DBS.