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Drayson Racing and Michelin compete for EV record

Drayson Racing Technologies and Michelin are joining forces to make a run at the FIA World Electric Land Speed Record on Tuesday with the Drayson B12 69/EV prototype. In addition to a record attempt this will be a real-world test for the car, which will also compete in the 2014 FIA Formula E Championship. The car was originally powered by a 5.5-liter biofuel Judd engine, but it has now been converted to full electric drive.

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.

Volkswagen reportedly set to add two small SUVs to its lineup

Volkswagen plans to add two SUVs positioned below the Tiguan compact model because of booming demand for such vehicles, a newspaper report said. The launch of a subcompact SUV and a smaller model based on the new Up minicar is "certain," German business publication Handelsblatt reported on Monday, citing company sources. A VW spokesman would not confirm the models to the paper, saying only: "SUVs are very interesting.