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Ford Focus (2015) to be priced from £13,995

By Tim Pollard Motor Industry 02 September 2014 06:00 Ford has frozen the starter price on its Focus mainstay for the new 2015 model year facelift. The news means that the Focus 1.6 Studio five-door hatch will cost from £13,995. And the Blue Oval pledges it’s not just an entry-level pricing gimmick; well equipped Titanium and Titanium X models have actually dropped on the new facelifted Focus, costing £100 less.

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.

Senate releases $350 billion more in bailout money

The Senate voted Thursday to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers. An earlier allocation of $350 billion funded the first installments of emergency loans to General Motors and Chrysler LLC.