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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.

Renault unveils four electric concepts at 2009 Frankfurt motor show

By Ben Pulman First Official Pictures 15 September 2009 12:00 Renault has unveiled four incredible electric concept cars at the 2009 Frankfurt motor show, and all four will be in production by the end of 2012. The maddest of all is the tiny Twizy ZE concept, a 1+1 city car that Renault sources have revealed to CAR will go into production in 2011 relatively unchanged. Also on sale in 2011 will be an electric van for commercial buyers, based on the Kangoo ZE concept and mechanically identical to the Be Bop ZE Ben Oliver drove earlier in 2009.

Lamborghini Gallardo LP550-2 Valentino Balboni (2009)

By Ben Pulman First Official Pictures 01 July 2009 10:00 Lamborghini has unveiled the limited edition Gallardo LP550-2 Valentino Balboni, a new entry-level model, and its first rear-wheel drive supercar since the Diablo. The Italian supercar company has long promised that all its cars will resolutely remain four-wheel drive, but it’s building the two-wheel drive LP550-2 (hence the name) to celebrate its legendary test driver Valentino Balboni. Just 250 will be built.