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Singapore billionaire Peter Lim invests in McLaren Automotive
Fri, 19 Aug 2011Singapore 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.
VW Passat gets DSG
Fri, 30 Jan 2009Spawned from the very middle of the road Passat, the CC brings the style of the Mercedes CLS to the sector below. A truly good looking car, which should, if there were any justice, sell by the bucket load. VW Passat CC now gets the superb DSG gearbox And VW has just made the CC even more desirable by adding a 7 speed DSG option to the mix.
First Sight: Smart Fortwo and Forfour
Mon, 21 Jul 2014"Dress-down Wednesday," remarked a colleague as Daimler CEO Dieter Zetsche walked on stage wearing jeans and no tie. While it was a hot day in Berlin, Zetsche's excuse for his informal attire was the occasion – the new Smart is here. Its prospective owners, he explained – young, urban consumers with an active lifestyle, not the typical members of corporate Germany – adhere to a different, if similarly rigid etiquette.