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some needs to work some over time....$33 million in the hole #2564520
10/15/18 06:15 PM
10/15/18 06:15 PM
Joined: Oct 2003
Posts: 5,908
my own world
theraif Offline OP
master
theraif  Offline OP
master

Joined: Oct 2003
Posts: 5,908
my own world


Project Bloodhound, which is the quest to develop a supersonic vehicle that can break the world record for land speed, has hit a snag. The company behind the project, Bloodhound Programme Ltd., has run out of money and entered administration. In order to continue work on the project, the company needs a cash infusion of about £25 million.

The project is being conducted at a track in the dry lakebed of Hakskeen Pan in South Africa. The company has already constructed a vehicle and conducted low speed, 200 mph tests. The goal is to break the current world record of 763 mph and eventually reach 1,000 mph. They are planning on accomplishing this by strapping a EJ300 jet engine to a land vehicle. R&D is complete, but Bloodhound Programme Ltd. is now out of money.

According to the chief engineer of Project Bloodhound, Mark Chapman, the company is close to its goal. "This project is built around the most successful team in the history of Land Speed Racing, and with the right support we have no doubt that the project will achieve its aims and could be racing for the record in as little as ten months," he said in a release.

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Re: some needs to work some over time....$33 million in the hole [Re: theraif] #2564575
10/15/18 08:37 PM
10/15/18 08:37 PM
Joined: Dec 2003
Posts: 17,591
Trumussia
J
jcc Offline
No politics
jcc  Offline
No politics
J

Joined: Dec 2003
Posts: 17,591
Trumussia
Out of money or out of credit? work


On vacation until 2-15-19 Figuratively
Re: some needs to work some over time....$33 million in the hole [Re: theraif] #2564644
10/15/18 11:17 PM
10/15/18 11:17 PM
Joined: Jan 2003
Posts: 18,559
Park Forest, IL
slantzilla Offline
I Live Here
slantzilla  Offline
I Live Here

Joined: Jan 2003
Posts: 18,559
Park Forest, IL
If they ran out of money and still need 25 million pounds, I wonder how much they started with?

More proof that the best way to make a small fortune racing is to start with a big one. boogie


"Everybody funny, now you funny too."
Re: some needs to work some over time....$33 million in the hole [Re: theraif] #2564746
10/16/18 09:53 AM
10/16/18 09:53 AM
Joined: Mar 2005
Posts: 1,359
New Jersey, USA
Y
yella71 Offline
pro stock
yella71  Offline
pro stock
Y

Joined: Mar 2005
Posts: 1,359
New Jersey, USA
Maby they could set up a go fund me page....


71 challenger convertable, 64 sport fury 383 ci with factory air 99 sebring convertable 89 CTD pup
Re: some needs to work some over time....$33 million in the hole [Re: theraif] #2564750
10/16/18 10:01 AM
10/16/18 10:01 AM
Joined: Jan 2007
Posts: 571
Chicago
rocksmopar Offline
mopar
rocksmopar  Offline
mopar

Joined: Jan 2007
Posts: 571
Chicago
Go Fund Me


Looking for a 1970 Polara vert..
Re: some needs to work some over time....$33 million in the hole [Re: theraif] #2564906
10/16/18 04:03 PM
10/16/18 04:03 PM
Joined: Feb 2003
Posts: 18,549
Rust Belt, SW PA
Silver70 Offline
I Live Here
Silver70  Offline
I Live Here

Joined: Feb 2003
Posts: 18,549
Rust Belt, SW PA
Seems like a real waste of money... there is no practical use for something like this. People need to fund themselves to chase after something like this if it means so much to them.


68 Road Runner, 69 Belvedere, 71 Challenger Vert
340 barracuda, 01 Ram CTD, 95 Ram, 04 Ram, 85 Daytona turbo Z
66 GTO, 06 Magnum RT AWD. 07 Ram CTD, 07 Ram
Re: some needs to work some over time....$33 million in the hole [Re: theraif] #2565145
10/16/18 11:35 PM
10/16/18 11:35 PM
Joined: Jan 2003
Posts: 27,337
Irving, TX
feets Offline
Senior Management
feets  Offline
Senior Management

Joined: Jan 2003
Posts: 27,337
Irving, TX
A friend of mine in Oz did a lot of machine work on that thing.

It's a pretty impressive machine. Too bad they couldn't continue the project.

Re: some needs to work some over time....$33 million in the hole [Re: theraif] #2565477
10/17/18 05:46 PM
10/17/18 05:46 PM
Joined: Jan 2003
Posts: 20,011
Rio Linda, CA
John_Kunkel Offline
Too Many Posts
John_Kunkel  Offline
Too Many Posts

Joined: Jan 2003
Posts: 20,011
Rio Linda, CA
"According to the chief engineer of Project Bloodhound, Mark Chapman, the company is close to its goal."

Isn't that what everybody says when they go bust?


I'm supposed to respect my elders, but its getting harder and harder for me to find one now.

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