Williams F1 team buys more shares of KERS technology
Williams’ stake in the Automotive Hybrid Power, the company that develops the KERS system, increased after the Formula One team bought more shares of the company it already had a 40% stake in.
According to a statement made by Williams, the team upped its stake to 78% and will use the technology on road-production cars, including the new Porsche 911 GT3 R Hybrid. In addition, Williams also plans to sell the technology to Tata Motors, which will be used in the Indian company’s Jaguar and Land Rover brands, as well as on buses, trains, ships, and wind power generation.
We’ll keep you posted for any developments on the matter as soon as they become available.