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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 4C Launch Edition: Geneva Motor Show 2013

Alfa Romeo has revealed the Alfa 4C at the Geneva Motor Show and the Alfa 4C Launch Edition which will cost €60,000. The Alfa Romeo 4C Launch Edition – just 1,000 are being built with only 400 staying in Europe – will cost a fairly strong €60k (around £52,000) and comes in either Carrara White of Alfa Red with a carbon fibre bodykit that adds carbon fibre for the spoiler at the back, to the door mirrors and round the headlights with dark alloys and front air intakes. The suspension also gets a tweak.

Unique cars, boats and planes land at Key Largo vintage weekend

The 17th-annual Vintage Weekend, held the first weekend in December, signifies the start of "the season" for Key Largo's Ocean Reef Club. Sure, it's a display of classic motor yachts and airplanes, but here the car is still star. That is, if you exclude Bob Schwartz's rocket-powered bicycle, which saw 50-mph passes on the runway at Ocean Reef's airport.