Bloodhound land-speed project grinds to a halt
Dream to reach 1,610km/h is scrapped due to a lack of funds
The Bloodhound SSC land-speed project, which aimed to set a new 1,000mph (1,610km/h) record in SA, is dead. The long-delayed and cash-strapped project was officially disbanded on December 7 after it was unable to come up with funding to continue. After being put into bankruptcy protection on October 15, the British-based team was hoping to raise about £25m to continue development of the jet-powered Bloodhound car and attempt a new land-speed record at Hakskeen Pan in the Northern Cape’s Kalahari Desert. However, there was no reprieve and the company’s assets, including the SSC (Super Sonic Car), are being sold off to pay back creditors. “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,” said joint administrator Andrew Sheridan. Andy Green, who was to have driven the car in its attempt, said the car can be bought for about R4.5m and required a team of ...