London - A British project to build a supersonic car capable of speeds of 1600km/h has been saved after an entrepreneur stepped in.
The firm behind the Bloodhound bid to break the land speed world record, at the Hakskeen Pan in the Northern Cape, went into administration in October.
Ten days ago, administrators said efforts to secure an investor had failed and the project would be scrapped.
But on Sunday they said Yorkshire-based entrepreneur Ian Warhurst had bought the business and assets for an undisclosed sum.
Andrew Sheridan, joint administrator and partner at FRP Advisory LLP, said: "We have been overwhelmed by the passion that clearly exists for Bloodhound and are thrilled that we have been able to secure a buyer who is able to give this inspiring project a future.