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Bahrain to Acquire Majority Stake in McLaren Group

In a significant development, shareholders of the British supercar maker, McLaren Group, have reportedly given their approval for Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, to take over the majority stake. The proposed plan includes the acquisition of McLaren Racing, the renowned Formula 1 team and the second most successful constructor in the championship. The takeover, which involves a full recapitalisation, streamlined share structure, and governance processes, aims to facilitate McLaren’s expansion into new markets.

The plan from Mumtalakat Holding Company, which is already the majority shareholder, involves gaining full control of McLaren Group. Pending the completion of the recapitalisation, the sovereign wealth fund is expected to take over the ownership within days. The move is seen as a strategic step in the ongoing transformation of the McLaren Group, providing a solid foundation for future growth and brand presence.

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Subaru Teases Limited-Edition WRX S4 STI Sport For Japan

Subaru has teased the WRX S4 STI Sport ahead of its debut at the Tokyo Auto Salon 2024. This model previews a special edition of the performance sedan with notable handling upgrades, set for a limited production run. Although likely to remain exclusive to the Japanese market, the prototype hints at exciting changes.

The WRX S4 STI Sport prototype is based on the WRX S4 STI Sport R EX, the flagship trim of the WRX in Japan. The teaser image reveals distinctive features, including new BBS-style wheels and a modified ducktail spoiler on the trunk. Notably, the WRX, S4, and Symmetrical AWD emblems are finished in black, adding a touch of sportiness.

While specific details about the interior and other exterior enhancements remain undisclosed, Subaru promises more than just cosmetic changes. The WRX S4 STI Sport is touted to deliver “enhanced handling” and a “premium drive feel,” indicating significant chassis upgrades. The focus seems to be on refining the driving experience, with less emphasis on powertrain modifications.

Under the hood, the special edition is expected to retain the turbocharged 2.4-litre four-cylinder boxer engine found in all JDM-Spec Subaru WRX variants. Generating 271hp and 375Nm of torque, the engine is paired with a CVT automatic transmission, and power is transmitted to all four wheels through Subaru’s symmetrical AWD system.

Details about the WRX S4 STI Sport prototype will be officially unveiled at the Tokyo Auto Salon 2024, scheduled for January 12-14 at the Makuhari Messe in Chiba.

Possible Increase in Service Tax to Impact Car Maintenance Costs

There is growing speculation about a possible increase in the service tax from 6% to 8%, effective March 1, 2024. Although there’s no official confirmation, the Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) is preparing for the potential impact. One significant area that could be affected is vehicle repairs and maintenance, which does not fall under the exempted categories for the higher tax regime.

While this adjustment is not expected to directly influence car prices, it is likely to result in higher maintenance costs for vehicle owners. According to The Star, the FMCCAM is planning to engage with the government, requesting considerations for small workshops and owners of second-hand cars by seeking an exemption from the additional 2% tax.

Datuk Tony Khor, President of FMCCAM, acknowledges that while the increase may seem small, it could have a notable impact on second-hand car owners with limited budgets. Despite concerns, Khor emphasises the importance of maintaining vehicle safety and roadworthiness.

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Government Targets 100 Additional EV Charging Points on Major Highways by 2025

Deputy Works Minister Datuk Seri Ahmad Maslan has revealed that the Malaysian government aims to install an additional 100 electric vehicle (EV) charging points, particularly along tolled highways such as the North-South Expressway (PLUS), by 2025. This initiative is in response to the growing number of electric vehicles on the roads.

Currently, there are 60 EV charging points located at rest and service (R&R) areas and petrol stations along the PLUS Highway and East Coast Expressway (LPT). As stated by Bernama, these charging points, managed by operators like TNB Electron and Gentari, include locations such as Ayer Keroh R&R (northbound), Seremban R&R (northbound), and Paka R&R (northbound).

The move to increase the number of EV charging points aligns with the evolving landscape of future highways, addressing the challenges posed by the rising popularity of electric vehicles. Additionally, the government is exploring new concepts for R&R areas, smart highways, and energy-efficient solutions like Light Emitting Diode (LED) lighting.

Government Set to Announce Toll Fee Exemption for Christmas

Deputy Works Minister Datuk Seri Ahmad Maslan has announced that the Malaysian government is expected to declare toll fee exemptions in conjunction with the Christmas celebration.

According to Bernama, the announcement, anticipated to be made on Friday, December 22, will confirm the date for toll exemptions during the festive period.

Maslan stated that the government allocates an average of RM21 million per day to highway concessionaires for toll exemptions.

In the current year, RM80.07 million was disbursed for toll-free initiatives during Hari Raya Aidilfitri, RM42.31 million for Deepavali, and RM41.21 million for the Chinese New Year.

The toll fee exemptions are part of the government’s efforts to facilitate smoother travel for citizens during festive seasons.

Ford Unveils 2024 F-150 Raptor R with 720hp and 867Nm of Torque!

Ford has revealed the 2024 model of its best-selling F-150, giving the high-performance Raptor R a power boost. The new Raptor R, known for its off-road capabilities, boasts an impressive 720hp from its supercharged 5.2-litre V8 engine. The power increase is achieved through a new engine calibration and modifications to reduce air inlet losses, enhancing airflow to the air filter.

The updated Raptor R’s engine is a derivative of the 5.2-litre mill found in the recent Mustang Shelby GT500, which delivered 760hp. The 2022 Raptor R had 700hp, and the latest model strikes a balance with improved low-end power while maintaining the same peak torque of 867Nm.

Visually, the 2024 Raptor R can be identified by its new headlights featuring daytime LEDs forming a half-square around the outer edge. Inside, there are minimal changes, except for the addition of an optional heads-up display—a first for the F-150 family.

This refresh is part of Ford’s efforts to keep the F-150 lineup competitive and maintain its position as a top-selling vehicle. The Raptor R, with its enhanced power and off-road capabilities, continues to be a standout offering in the F-150 range.