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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.
Why this year's UAW-Detroit 3 talks don't matter
Thu, 08 Sep 2011Here's what you need to know about the current UAW contract talks with the Detroit 3: They don't really matter. Oh, sure, agreements must be reached and contracts signed. But some commentators would have you believe the Detroit 3's future competitiveness hinges on their ability to stand up to the UAW in this year's negotiations.
Mitsubishi considers a Lancer Evo hybrid
Tue, 08 Nov 2011Mitsubishi is working on a green overhaul of its turbocharged all-wheel-drive Lancer Evolution so the gas-guzzling sedan won't go extinct. The new vision for the performance car is an gasoline-electric hybrid with in-wheel motors, Mitsubishi Motors Corp. President Osamu Masuko says.