Two Ferrari 360 Modena , Right And Left Fuel Tank Valves on 2040-parts.com

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.

Robert Kidder, former Duracell chief, to head new Chrysler as chairman

Business consultant Robert Kidder is set to become the new chairman of Chrysler Group when it emerges from bankruptcy. Kidder, 64, will replace Bob Nardelli, who was hired in 2007 after Daimler sold Chrysler to private equity group Cerberus. A new board of directors, to be formed after bankruptcy, will hire a new CEO for Chrysler.

New 2014 VW Golf R gets 296bhp – first photos

The 2014 Volkswagen Golf R (pictured) revealed ahead of its Frankfurt debut We had expected the new Volkswagen Golf R to debut at Geneva this year, but that debut turned out to be the rather disappointing Mk 6 VW Golf R Cabrio, that not only sacrificed 4WD but came at a silly price (which VW subsequently dropped by more than £5k). But this time there’s no mistake, and the 2014 version of the VW Golf R – complete with 4WD, we’re pleased to say -will arrive next month at the Frankfurt Motor Show before going on sale in early 2014. Under the bonnet the 2.0 litre petrol turbo delivers a healthy 296bhp (300PS) and 280lb/ft of torque which is sent to all four wheels through VW’s latest Haldex 4Motion 4WD, with the ability to decouple the back axle drive under low load conditions and send almost all the power to the back wheels too when demanded.