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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.

Nissan scales back on auto shows

Nissan said on Friday that it will not participate in some of the major auto shows in its new business year starting April 1, Reuters is reporting. The reason: to save money. This means no Nissan display at the show in Frankfurt in September and probably another absence in Detroit in January 2010.

Ford Fiesta ST: 5-door Fiesta ST Concept at LA Motor Show

Ford Fiesta ST arrives as a 5-door at LA Motor Show What does the news that Ford are taking a five-door version of the Fiesta ST to the Los Angeles Motor Show this month tell us? Are they planning on making the three-door Fiesta ST we saw in September for Europe and the new five-door ST for the US? Or something else?