Stainless Steel Claw/bruce Style Boat Anchor, 22 Lb 10kg 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.

Honda Insight goes for $1,560 less with new base model

Honda slashed $1,560 from the base price of its Insight hybrid for the 2011 model year, creating a new entry-level trim that carries a sticker price of $18,950, including destination charges. The move gives the Insight a pricing edge of about $4,610 over the Toyota Prius. The Insight LX was the base model for the 2010 model year, and its price started at $20,510.

Video tour: Concorso Ferrari in Old Town Pasadena

Every spring, the Ferrari Club of America's Southwest Region puts on one of the best free shows you'll see all year. Concorso Ferrari is a gathering of prancing horses held right down the middle of the busiest street in the coolest part of Old Town Pasadena, Calif. West Coast editor Mark Vaughn leads us on a tour.