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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.
Fiat 500 Electric 2012 launch
Tue, 23 Mar 2010The Fiat 500 Electric Concept was at the Detroit Motor Show this year At the 2010 Detroit Motor Show Fiat brought along an electric concept version of the Fiat 500, together with a Chrysler-badged Lancia as a clear indication that times are changing at Chrysler. And it would appear they’re changing even more quickly than we expected with the announcement that the Fiat 500 EV is going in to production, and will go on sale in the US in 2012. Obviously spurred on by the unexpected success in recent years of that other motoring retro icon the MINI, Fiat are pushing ahead with plans to introduce the regular Fiat 500 in to North America in 2010, although that will be preceded by the 500 Abarth and 500C Abarth, which will be the first versions of the 500 to reach American shores.
'Need for Speed' series reveals new movie and more game info
Tue, 11 Jun 2013The “Need for Speed” franchise has been releasing racing simulators since 1994. Known for its arcade-style play and in-depth in-game customization, the franchise has been a fun alternative for those not as interested in the raw simulators such as “Gran Turismo” and “Forza Motorsport”. At the E3 Conference on June 10, “Need for Speed” revealed more information about their new installment in the franchise, officially titled “Need for Speed: Rivals.” The game will feature a cop vs.