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.

Are Bugatti plotting a Final Edition ‘Super’ Veyron?

Will the power of the Veyron Super Sport (pictured) grow to 1500bhp? The rumours that the Bugatti Veyron would, at some point, get more than its original 100bhp or so have been around seen the Veyron first launched. Eventually, Bugatti delivered and we got the Veyron Super Sport – with 1200bhp – back in 2010 which was, inevitably, followed by the convertible version in the guise of the Veyron Grand Sport Vitesse sporting 1200bhp and a hole to let the sky in.

BMW unveils i3 edition (2012), explains i strategy

BMW today revealed a new i3 concept car edition at the formal launch of the first bespoke BMW i dealership in London's Park Lane. The facility was also fitted with the BMW i Pedelec electric scooter, a new complementary bike with a 33-mile range. The i3 is identical to the concept car unveiled at the 2011 Frankfurt motor show apart from some cabin tweaks and a fresh paint job. So what is new on the 2012 BMW i3?