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from the say-it-pulls-water-out-of-thin-air-and-crowd-fund-it dept.
Bloodhound supersonic car project axed
A project to race a car at more than 1,000mph has been axed after it failed to secure a £25m cash injection.
The Bloodhound supersonic vehicle - built with a Rolls-Royce Eurofighter jet engine bolted to a rocket - is all but finished.
The Bristol-based team behind it was aiming to beat the existing land speed world record of 763mph (1,228km/h).
[...] The last two-to-three years have been an especially tough environment in which to raise financial support. The investment landscape is difficult, in part because of Brexit uncertainty, but principally because many large brands that might once have put their name on the side of a car to build awareness are now using other marketing tools, such as social media.
Previously: 3D-Printed Tech to Steer Bloodhound Supersonic Car
Bloodhound Supersonic Car to be Tested in October
(Score: 3, Interesting) by NewNic on Friday December 07 2018, @11:39PM (1 child)
No.
That report was written when the project went into administration. What's happening now is that it is clear that the project will never exit administration and the assets are being sold.
lib·er·tar·i·an·ism ˌlibərˈterēənizəm/ noun: Magical thinking that useful idiots mistake for serious political theory
(Score: 2) by bob_super on Saturday December 08 2018, @12:51AM
Should have done it in the US. Gas-guzzling dangerous useless bragging rights project would definitely survive this administration.