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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.
BMW 328 Hommage Villa d’Este debut
Sat, 21 May 2011BMW 328 Hommage - pays tribute to the 1936 328 The BMW 328 of 1936 is an legendary car in the annuls of BMW history. It set the highest average speed at the Mille Miglia circuit in 1940 at 103mph, and still holds the record today. It was one of the first BMWs to showcase the now familiar kidney grills, and it was made to be light and nimble with the use of aluminium and magnesium.
2013 UK automotive sales highest since 2007
Tue, 07 Jan 2014By Damion Smy Motor Industry 07 January 2014 10:48 The UK car market is showing further buoyancy with 2,264,737 sales in 2013, up from 2,044,069 in 2012. The 10.8% increase makes the UK the best performing market in Europe, exceeding its forecast by posting its highest sales figures since 2007. Top of the charts once again is the Ford Fiesta, which sold almost 13,000 additional units than in 2012, with its stablemate, the Ford Focus, graduating to the runner-up spot to push the Vauxhall Corsa third.