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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.

Porsche Macan (2013) new name for baby Cajun SUV

Porsche’s new sub-Cayenne SUV has a name – the Porsche Macan. Previously internally dubbed Cajun – short for Cayenne Junior – the new 4x4 will go on sale in 2013. Click here to watch Porsche's teaser video for the new Macan SUV.

Lamborghini Urus SUV confirmed to arrive in 2017

The Urus will be VW Group’s lightest and quickest SUV – expected to best even the Porsche Cayenne Turbo – and will be built on VW’s new large SUV platform – the same platform that will underpin the Bentley Falcon SUV, Audi Q7 (and Audi Q9) and Porsche Cayenne – and will use a forged carbon composite structure from the central tunnel to the rear suspension to save weight. Power for the Urus is expected to come from the twin-turbo V8 we’ve already seen in the Bentley Continental GT and Audis, producing something in the region of 600bhp and perhaps even more if Lamborghini add a hybrid option to throw some electric assistance at the V8′s 600 horses. It seems likely the Urus concept will remain largely unchanged for production, although we could see some toning down of its more extreme elements, as Lamborghini look to add 3,000 sales a year to their annual total when the Urus hits showrooms.