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Re:Porsche 919 – Racecar Engineering by aunty_helen on Sunday September 27, 2015 @06:18PM (#10288136)
Conversion of linear motion to rotational motion is the loss you're looking for.

To your point about effectively gas turbine/electric drive trains from your OP, the problem is efficency in burning the fuel. This comes from the lack of achievable compression ratio in a turbine system. 6:1 is good for a jet, 13:1 is good for a N/A piston engine (not sure what race engines run exactly). Higher compression ratio = better fuel efficency.

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