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Singapore billionaire Peter Lim invests in McLaren Automotive

Singapore billionaire Peter Lim has invested in McLaren Automotive and has taken a spot on the board of directors along with Ron Dennis, Mansour Ojjeh and the Bahrain Mumtalakat Holding Co., McLaren said on Friday. The company declined to reveal the amount of the investment, but privately held McLaren said it is a “significant amount.” More details of the deal will be announced closer to the Singapore Grand Prix. Lim is ranked as the eighth-richest businessperson in Singapore, according to Forbes, and he owns a chain of Manchester United-themed restaurants and bars in Asia.

Why the BMW M4 is better than the M3 V8 (2013)

It’s no exaggeration to say that the turbocharged engine in the upcoming BMW M3 (saloon) and M4 (coupe) models is one of the most important engines ever produced by BMW’s M Division. No, it’s not the first turbo lump the performance off-shoot has built – you'll probably know we’ve already had the X5/X6M mutants plus the brilliant 1M and M5 and M6 – but it is the first turbo ever to slot in a production M3, the car that personifies BMW’s iconic performance sub brand, which itself has always been defined by high-revving, naturally aspirated engines. All of this explains why M’s engineers have cut their teeth on other engines first before plucking up the courage to develop the M3/M4 turbo while turning their backs on the outgoing E92 M3’s exceptional V8.

Ford overhauls plans for the U.S. C-Max to go with fewer seats, all hybrids

Ford has shifted gears on its plans for the C-Max wagon in the United States and will now sell only the five-seat version with hybrid and plug-in hybrid powertrains, beginning in 2012. Ford has canceled plans to sell the seven-seat version of the C-Max with a conventional gasoline engine in the States. Ford will call the car the C-Max hybrid, and C-Max Energi will be the name of the plug-in version.