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Toyota Hybrid wins Six Hours of Sao Paulo

Green Car Congress

Drivers Alex Wurz and Nicolas Lapierre started from pole position in the TS030 HYBRID as the #7 maintained its record of having led every race in which it has competed. The project to develop a hybrid system for motorsport began in 2006 under Hisatake Murata, now Hybrid Project Leader at Toyota Racing.

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Bahrain’s Mumtalakat buys out McLaren, secures full ownership over supercar brand: Report | Autocar Professional

Baua Electric

Bahrain’s sovereign wealth fund, Mumtalakat, has assumed full control of McLaren Group, manufacturer of high-end sportscars and majority owner of the McLaren F1 team, BBC reported. Supply chain disruptions and issues with the new Artura hybrid sportscar further compounded its struggles, resulting in significant losses, reports BBC.

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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

Green Car Congress

The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007. Al-Futtaim and its network of experienced retailers will allow Fisker to reach customers in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt.

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