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.

Porsche 998 (911) caught testing

The current version of the 911 has not long been refreshed, and still has more to deliver. Only the Carrera and Targa have had the facelift so far, and still to come is the Turbo, not to mention the GT3. But Porsche is already a long way down the road with the next generation 911 (998), which is not expected to launch until 2011, as you can see from this spy shot taken in rather chilly Arctic climes.

Audi to show rugged A4 allroad in Geneva

While Audi's A6 allroad quattro didn't resonate in North America and ultimately was discontinued after the 2005 model year, it did enjoy mild popularity in Europe and continues to be sold there. Now Audi plans to bolster the line with the addition of the A4 allroad quattro that's set to make its first public appearance at next month's Geneva motor show. Beginning with an A4 Avant, Audi improves its off-roading abilities by raising the ride height by 37 millimeters to 180 millimeters and widening the track in front and rear by 20 millimeters.