2015 Volvo XC90 First Edition sells out in quick sticks

The new Volvo XC90 First Edition (pictured) is all sold out Last weekend we revealed details of the 2015 Volvo XC90 First Edition, a massive spec XC90 created by Volvo to launch the new XC90. And, despite a hefty £68,000 price tag, the entire run of 1,927 First Editions sold out in just 47 hours, with the majority reserved in the first hour. That 1,927 First editions – a number that represents the year Volvo was founded – is total availability for the world market, but 55 UK buyers are on the list and will get their cars in April 2015.

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.

Audi to build cars in Mexico

Volkswagen Group has settled on Mexico as the location for a factory for Audi. The Audi supervisory board decided in favor of Mexico over a site next to VW's factory in Chattanooga, Tenn., which opened last year to build the VW Passat. The Mexico plant will provide a boost to the VW Group’s sales prospects and manufacturing operations in North America, where its light vehicle output rose 25 percent in 2011 to a record 542,363 units.