**A 1,000mph race car project has been axed meaning the supersonic vehicle is on the market for the price of a Ferrari.**
The Bloodhound supersonic vehicle - built with a Rolls-Royce Eurofighter jet engine bolted to a rocket - is all but finished.
The Bristol-based team behind it was aiming to beat the existing land speed world record of 763mph (1,228km/h).
Driver Andy Green said the car was now available at a cost of about £250,000.
'Need a few million'
It was set to go for the record-breaking speed in South Africa, where a 18km-long, 1,500m-wide track at Hakskeen Pan in the Northern Cape has been prepared for it.
"You're going to need to find a few million to get it running to full speed," said Mr Green who added he knew a team of engineers "who could help".
"We have basically completed the main structure, the desert is ready, we just need the funding."
Previous test runs at Newquay Airport in 2017 saw Bloodhound reach speeds of 200mph (320km/h).
Mr Green said he would "love to see the car run" and said it was still possible that it could happen.
"If somebody is out there with a quarter of a million there is a car there. There is still a chance that Bloodhound could run.
"As far as Christmas presents go, that's the one I'd like."
The main structure of the vehicle has been built already with "shakedown" tests a year ago working to plan.
But failure to secure the investment forced the firm financing the project into administration.
"Since [then] we have worked tirelessly with the directors to identify a suitable individual or organisation who could take the project forward," joint administrator Andrew Sheridan said.
"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."
Mr Sheridan added: "We will now work with key stakeholders to return the third-party equipment and then sell the remaining assets of the company to maximise the return for creditors."
The project has planned on running on Hakskeen Pan towards the end of 2019, when the water in the lakebed evaporated and the ground had become dry.
The Bloodhound would have tested at 500-600mph (800-965km/h) before tests approaching its top speed in runs during 2020 or 2021.
Source: BBC
**UK24News**
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