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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.

Nürburgring sold for £83m to German auto tech group (2014)

By Ollie Kew Motor Industry 12 March 2014 11:00 The Nürburgring racetrack in Germany has been sold to German automotive and aerospace technology conglomerate, Capricorn Group, for a figure in excess of €100m (£83m), it has been announced. The Capricorn bid narrowly beat a rival offer from HIG Europe by virtue of its ‘higher purchase price and good prospects for the region’. For now, it’s business as usual.

Chinese car firm set to expand

CHINA’S newest car brand, aimed at the luxury end of the booming Chinese car market, is to release a second model to its range. Qoros, which introduced the 3 Sedan at the 2013 Geneva and Shanghai motor shows, is set to introduce the as-yet unnamed model in March, again at the Geneva show. Among the manufacturer’s claims are that the new car will boast European levels of materials quality, as well as advanced technology like an eight-inch touch-screen display and a Cloud-based infotainment system.