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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.

16-year-old Verstappen to race in Formula 1

TEENAGER Max Verstappen is confident he can handle the pressures of the world of Formula One and insists he is not worried about the sport's dangers. The 16-year-old is set to become the youngest driver in F1's history after joining Toro Rosso for the 2015 campaign. Verstappen - 17 in September and currently competing in Formula Three - will replace Frenchman Jean-Eric Vergne at the Red Bull-owned team.

Mastretta MXT: Orders UP thanks to Top Gear

Mastretta MXT - orders UP since Top Gear 'Insult' You might reasonably have thougt that Top Gear’s recent Mexican stand-off would have had the butt of its joke – the Mastretta MXT – suffering a severe downturn in sales. After all, according to Mexican Ambassador to London -Eduardo Medina-Mora Icaza – the Top Gear insults aimed at his country – and at Mastretta – were ‘Bigoted and Ignorant’. Which, if the comments had been anything other than a feeble attempt at a joke on national stereotypes, may have been an appropriate response.