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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.
GM delays second shift at Volt plant
Fri, 07 Oct 2011General Motors is delaying the addition of a second shift at its Michigan assembly plant that makes the Chevrolet Volt. In May, GM said that it would add a second shift at its Detroit-Hamtramck plant by late this fall to double Volt production. Instead, a plant overhaul completed this summer, along with a more-modest addition of workers, will allow GM to double production starting early next year while remaining on one shift, the company said Friday.
Jaguar F-type Project 7 concept (2013) first pictures of Goodwood one-off
Wed, 10 Jul 2013The Jaguar Project 7 will make its debut at the 2013 Goodwood Festival of Speed. Based on the F-Type convertible, the single-seat P7, named as a tribute to Jaguar’s seven Le Mans victories, has retro tweaks from the legendary Jaguar D-Type that won the 24-hour in 1955 and ’56. What's special about the Project 7 F-type?