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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.

Hyundai Veloster Turbo gets 400bhp

Hyundai in the US has created a Veloster for this year’s SEMA show – the Hyundai Velocity – with a 400bhp Cosworth makeover. SEMA show cars are always extreme and always completely over the top, but they do show just what can be done with mainstream cars when car makers are let off the leash of marketing constraints. This year Hyundai is out playing, and as well as creating a Genesis Coupe with Cosworth power they’ve also taken the new Hyundai Veloster Turbo and created a 400bhp monster SEMA car.

Volvo tuner Polestar reveals production S60 and V60 models

It's not every day that we can tell you about a performance-tuned station wagon that is actually coming to the U.S., but today is one of those rare days. Volvo racing and aftermarket tuning specialist Polestar has revealed details of their production versions of the V60 wagon and the S60 sedan, which are bound for the U.S. The S60 and V60's 3.0-liter T6 engine has been tuned to produce 350 hp and 369 lb-ft of torque, which is said to give it a 0 to 62 mph time of 4.9 seconds, on the way to an electronically limited top speed of 155 mph.