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Detroit Auto Show: Volvo S60 sedan

Showing a new direction inspired by Scandinavian design, Volvo displayed a concept vehicle at the Detroit Auto Show that previews the new S60 sedan, due in 18 months. The car has a new face--with angled headlamps, a coupe roofline and no B-pillar--and an interior with the "environment of a modern Scandinavian living room," said Steve Mattin, Volvo senior vice president of design. The car's more emotional look is part of a longer-term strategy to give Volvo a more exciting image in the United States through changes in product design and marketing, said Stephen Odell, CEO of Volvo Car Corp.

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.

Lamborghini Murcielago waves good-bye

It was a fitting farewell to one of the most audacious Lamborghinis ever built. A group of the most iconic V12 cars ever to put rubber to asphalt gathered at the factory in Sant'Agata Bolognese, Italy, for a special exhibition before escorting the last Murcielago, an LP 670-4 SuperVeloce, out of the Lamborghini Museum in a symbolic last ride. The 350GT was in attendance at the event, as was the futuristic Miura, a Countach and the fire-breathing Diablo, among others.