Model T Ford Genarator Core on 2040-parts.com

News watch Sept 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 September 2010• Porsche today posted record turnover, off the back of rising sales. It announced an 18% leap in annual turnover to €7.8 billion while sales rose 9% to 81,500 vehicles, up from 75,238 the previous year.

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.

Alfa Romeo Mito GTA (2009): first official picture

By Tim Pollard First Official Pictures 23 February 2009 09:19 Alfa Romeo has managed to squeeze a remarkable 240bhp from 1742cc in its new Mito GTA concept car. It's the hot hatch version of the Mito supermini and will form the centrepiece of the Alfa stand at next week's 2009 Geneva motor show.This is the first GTA since the musclebound 147. GTA stands for gran turismo alleggerito  – and this pocket rocket version of the Mito has indeed been lightened and toughened up to give it some serious performance.