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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.

Mercedes planning more Coupe SUVs to add to the BMW X6 challenging MLC

The Mercedes Concept Coupe SUV (pictured) looks to be just the first in a range of Coupe SUVs No one can be in any doubt that the Mercedes Concept Coupe SUV we saw revealed at the Beijing Motor Show earlier this month will turn in to a ‘coupe’ version of the ML, probably as the Mercedes MLC. What’s also clear is that the MLC is designed to steal a chunk of the market BMW has created for big, lifestyle, coupe SUVs with the X6; take away the Mercedes badge and the Concept Coupe SUV could preview the next generation X6. But with BMW taking their X6 formula and applying it to the X3 – creating the X6 on a boil-wash X4 – Mercedes aren’t going to sit back and let BMW create another lifestyle coupe SUV without responding.

Ferrari ramps up engine-making -- for Maserati

Ferrari is adding 250 workers and expanding its engine-building capacity, even as it says it will cut car production this year at its landmark factory in Maranello, Italy. Why the cause for growth? Ferrari is ramping up its in-house engine operation and will produce more V6 engines, which sister company Maserati will use in the redesigned Quattroporte sedan and the smaller E-segment entry, the Ghibli.