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Indianapolis 500: HPD wins Louis Schwitzer Award for refueling system

Honda Performance Development on May 21 won the 45th-annual Louis Schwitzer Award for motorsports engineering innovation and excellence in recognition of the Honda Refueling Safety Interlock System. The system, which reduces the potential for fires in pit lane when refueling, was created by a team at HPD led by Roger Griffiths, Jim Goodloe, Marco Martinelli and Robert Bell. The key part of the system is an electronic fuel-probe sensor installed on an Indy-car's inlet valve into which ethanol fuel flows.

The Saab Saga – now it’s a share sale to raise cash

Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.

Budget 2011: Fuel duty CUT & tuppence for potholes

Motorists Budget 2011 No once expected huge give-aways in George Osborne’s second budget – especially as we now have cruise missiles to pay for in Libya – but the hope was that the Chancellor would at least address the inexcorable rise in the cost of fuel. Which he has – sort of. Fuel was due to increase by around 5p a litre next week if he’d left Labour’s fuel duty escalator in place.