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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.

Jaguar Land Rover sales up 10% in October

Jaguar Land Rover has revealed another rise in sales for October 2012, selling 10 per cent more cars than a year ago. Jaguar Land Rover has reported sales of 25,176 cars in October 2012, an increase of 10 per cent on last year, and sales for 2012 up by an impressive 35 per cent compared to the same period in 2011. But those sales are really a game of two halves – Jaguar and Land Rover.

New Land Rover Defender previewed in DC100 Concept

New Land Rover Defender DC100 Concept What to do with the Land Rover Defender is something which has been taxing minds at LR for some time. And the Land Rover DC100 Concept – heading to Frankfurt – is the first stab at publicly showing the direction in which they’re heading. The Dc100 is very much a first draft; an early look at the direction Land Rover are heading with the next generation of the sixty year old Defender.