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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.

VW road-legal Race Touareg, Gold Edition (2011)

Volkswagen has unveiled two new Touareg SUVs at the inaugural Qatar motor show. One is a rather cool road-going version of the Race Touareg 3 that’s just notched up a victory at the 2011 Dakar rally, and the other is an awful monster called the Touareg Gold Edition. Underneath the skin it’s a genuine version of the latest Race Touareg 3, with a turbocharged 2.5-litre diesel engine, a trick four-wheel drive system and a super-stiff chassis.

Tokyo Motor Show: Mini appears across the globe

FRESH from its world debut at the Cowley plant in which it will be built, the new third-generation Mini has made its Asian debut at the Tokyo Motor Show. Both the modern Mini, and before it the original Issigonis Mini, are extremely popular in Japan where its strong British identity and high degree of personalisation hold strong appeal. The third generation version will build on that with its enhanced looks and specification.