Second V8 Puzzle 2004 - what is the significance of the clock face?

Why is this clock face significant for V8 enthusiasts? Ignore the reflection of the flash - that is not part of the puzzle! The clock face shows a time of 4.41 - when multiplied by 8 (a number of significance to V8 enthusiasts) the product is 3,528 (another number of significance to V8 enthusiasts as the quoted cubic capacity of the V8 engine).