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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.

Chevrolet Volt visits the wind tunnel

By Ben Whitworth First Official Pictures 13 December 2007 10:00 Back in January the Volt was easily the surprise of this year’s Detroit motor show. Chevrolet reckoned its radical electric four-seater was such a breakthrough that it would transform the way we drive when it arrived in showrooms by the end of the decade. And it’s just announced that the production model will be significantly more efficient at scything through the air: the Volt has been sent to GM’s wind tunnel where Chevrolet’s aerodynamicists has smoothed off some of its blunt surfaces to create a shape that is 30 percent more effective at cutting cleanly through the air at speed than the original concept.

GM to cut 14% of global salaried workforce this year

General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said on Tuesday it will cut 14 percent of its salaried jobs globally by the end of the year and slash the salaries of many who remain. Salaried employment will drop to 63,000, from 73,000, the company said in a statement.