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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.

Porsche 918 RSR concept (2011) first official pictures

Porsche opens orders books for 918 Spyder (2011)Porsche 918 Supercar hybrid to be builtCAR interviews Porsche's R&D boss Wolfgang Durheimer (2011) Two of 2010’s most exciting cars were the Porsche 911 GT3 R Hybrid racer, and the Porsche 918 Spyder concept car that previewed Porsche’s hybrid successor to the Carrera GT supercar. What do you get when you mix the two together? Answer: the new Porsche 918 RSR, just unveiled at the 2011 Detroit motor show.

Porsche Rennsport IV rolls on at Laguna Seca

Heavy fog for the morning qualifying runs didn't seem to dampen the spirits of competitors nor the thousands of fans attending Rennsport IV at Mazda Raceway at Laguna Seca. Billed as the largest gathering of Porsche race cars and drivers, the day was filled with on-track action as well as a concours of historically significant Porsches from the past 40-plus years. Three classes of race cars competed on Saturday.