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Singapore billionaire Peter Lim invests in McLaren Automotive
Fri, 19 Aug 2011Singapore 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.
Volkswagen E-Golf to get limited testing release
Tue, 20 Mar 2012Starting in April, Volkswagen of America will launch a test fleet of battery-powered E-Golf cars in select metro areas. More selective than the BMW ActiveE program that included 700 drivers, Volkswagen will release only 20 EVs, 12 of which will be allocated to company employees. Volkswagen said in a release that the purpose of the test is to conduct research and gather information on driving patterns, electric performance and climate conditions.
2014 Fiat 500 UK price and specs – costs from £10,160
Tue, 27 May 2014The 2014 Fiat 500 arrives in the UK It’s hard to update a car that’s already a pastiche of an original, so Fiat has been very cautious with the updates for the Fiat 500 for 2014, although there are some welcome improvements. One modern change is the arrival of a 7″ TFT digital instrument display – standard on the 500S and 500 CULT and optional on 500 Lounge versions – which does a good job of mimicking the 500′s analogue instruments but with a central section that can be configured to display stuff like trip information and allows for more detailed information on everything from gear shifts to SatNav info (where specced). The biggest mechanical update comes with the arrival of a 104bhp version of the 0.9 litre TwinAir engine promising 0-62mph in 10 seconds (and it’ll feel a lot quicker) and official economy of 67.3mpg (you’ll get a lot less).