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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.

Glittering for charity: Pacific Northwest concours benefits kids, celebrates cars

As car shows go, it surely must rank among the most picturesque. Set on Lake Washington with the Olympic Mountain range looming in the background, the Kirkland Concours d'Elegance is quickly becoming a highlight of the summer show circuit. But it's not just a celebration of old and perfect automobiles.

Audi A3 Saloon teased – or could it be the Audi Q6?

Audi are teasing a new reveal for the 2013 New York Auto Show which we think in the new A3 saloon. But could it actually be the Q6 instead? We had a preview of the Audi A3 saloon as long ago as the Geneva Motor Show in 2011 and it now looks like Audi are teasing a reveal of the A3 with a boot for the 2013 New York Auto Show next week.