Summit Racing G1100c Poly Pro Seat 20.5" D X 32.5"h X 21" W Blue Polyethylene on 2040-parts.com

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.

Demise of kei cars on the horizon?

The kei car has long been a staple of the Japanese automobile industry and its car culture. Too diminutive for Western markets, the tiny cars and trucks are a strong influencer of design in Japan. Now, as The New York Times reports, the Japanese government has hit kei cars with increases in sales tax, gasoline prices and has reduced the kei car tax break introduced to make the cars popular in the first place by 50 percent.

Insurance interest costs motorists millions

BRITISH drivers are paying £682 million more than they should be for their car insurance by paying monthly. Most insurers charge a high rate of interest for the privilege of spreading payments out over the year, with the average pay-monthly customer hit by an additional £88. Almost a third of people (31%) pay their car insurance by monthly direct debit, market research from Consumer Intelligence has discovered.