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Bloodhound supersonic car hits financial roadblock

Tuesday, 16 October 2018   (0 Comments)
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The project to race a car at over 1,000mph has run into a financial roadblock with the company behind the venture going into administration.

The Bloodhound supersonic vehicle is all but built but needs a £25m investment if it is to break records on a dried-out lakebed in South Africa. The administrators, FRP Advisory LLP, have already begun to talk to potential suitors and want to hear from others.

But without the funds the project faces being wound up in the coming weeks.

Bloodhound is, by any measure, the most sophisticated land speed record car ever conceived.

To be powered by a Rolls-Royce Eurofighter jet engine bolted to a rocket, it should easily smash the existing world mark of 763mph (1,228km/h). And computer simulations indicate it ought to be capable of going much, much faster still.

But although all the R&D is done, with the car even conducting some low-speed trials - the project simply cannot now move forward into its end phase unless the necessary funding is in place.

Full article - BBC News...

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