Project Bloodhound Is Officially Dead After Failing To Secure Funding

BY Michael Karkafiris | Posted on

The Bloodhound land speed project has been shut down, after administrators failed to secure the funding required to keep the project alive.

The land speed record project entered administration last October due to financing problems, seeking additional funding up to £25 million (around $32 million in current exchange rates) in order to attempt exceeding the 1,000mph mark (1,609km/h) with the Bloodhound SSC.

“Despite overwhelming public support and engagement with a wide range of potential and credible investors, it has not been possible to secure a purchaser for the business and assets,” Andrew Sheridan, joint administrator for the project, told to BBC.

The team planned to take the Bloodhound SSC to southern Africa towards the end of 2019 for some high-speed testing on Hakseen Pan, a dry lake bed that had already been prepared for the land speed record attempt.

“We will now work with key stakeholders to return the third-party equipment and then sell the remaining assets of the company to maximize the return for creditors,” Sheridan added.

The existing land speed record was set in 1997, after the Thrust SSC with Andy Green behind the wheel achieved 763mph (1227km/h). Green was also going to drive the Bloodhound SSC for its land speed record attempt.

In order to achieve its 1,000mph goal, the Bloodhound SSC used an EJ200 jet engine from a Eurofighter Typhoon together with a custom rocket system. The car itself was only tested to 200mph (320 km/h) before cash run out.

The whole project was a private effort, funded through donations, sponsorships and partnerships, but in the end couldn’t source the necessary cash to allow the world watch the Bloodhound SSC break the sound barrier and go past the 1,000mph mark.

Volkswagen Says It Can Build 15 Million EVs Using The MEB Platform

Volkswagen’s MEB platform for electric vehicles will be used by a selection of models.
Opel Corsa EV, Grandland X PHEV Coming Next Year, New Mokka EV Due In 2020

The Opel/Vauxhall Grandland X PHEV will likely use the same powertrain as the new Peugeot 3008 GT Hybrid4.
Project Bloodhound Is Officially Dead After Failing To Secure Funding

The 1000mph land speed record project is axed as administrators can’t find investors or sponsorship .
Kia Announces e-Niro First Edition UK Specs, Pricing Starts At £32,995

The Kia e-Niro, or Niro EV as it’s known in the United States, will go on sale in the UK on April 1.
New Volkswagen Polo GTI Has Everything But The Fun Factor

Despite the obvious flaws, the latest Polo GTI is probably the most rounded small hot hatch .
Bet You’ve Never Heard A Toyota Prius Sound As Good As This GT300 V8 Racer

The Toyota Prius GT300 is V8-powered and comes complete with killer looks.
Out Of Control Car Clips Audi A7 And Smashes Into Cammer

Although the road was wet, sparks from the rear left side of the Skoda might indicate a mechanical failure.
2019 Ram 1500 Gets A Compressor Boost From O.CT Tuning

A power upgrade to 473 HP and 660 Nm hasn’t compromised any of this Ram’s features.
Toyota USA CEO Says Lineup Will Always Be Passenger Car-Biased

Jim Lentz believes U.S. passenger car sales are close to bottoming out and can’t get much lower.
Honda’s Fluoride-Ion Battery Breakthrough Could Allow For Batteries With 10x More Energy Density

The new battery technology could allow for lighter electric vehicles with longer ranges.