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  • SINGAPORE BILLIONAIRE INVESTS IN MCLAREN AUTOMOTIVE

    In Malaysia, we have Proton that owns Lotus, we have Tan Sri Tony Fernandes that owns Team Lotus and UK’s Caterham Cars.He is also the CEO of Air Asia.In Singapore, they have Peter Lim.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.with immediate effect. Lim, who earned the nickname “Remisier King” in the city-state, is ranked as the eighth-richest businessperson in Singapore, with an estimated fortune of $1.8 billion built mainly from investments. He also owns a chain of Manchester United-themed restaurants and bars in Asia.Last year, Lim made a 320 million pound bid to buy Liverpool Football Club, but later withdrew the offer after the club went into the hands of New England Sports Ventures following a court ruling.Read the full news from McLaren Automotive press release below.

    SINGAPORE BUSINESSMAN PETER LIM INVESTS IN MCLAREN AUTOMOTIVE

    McLaren Automotive, the new high-performance sports car company based at the McLaren Group headquarters in the UK, today announces that Singapore-based businessman Peter Lim has completed a significant investment in the company. Lim, a successful business leader and philanthropist in Singapore, joins the McLaren Automotive Board of Directors with immediate effect.

    With Peter Lim’s investment, McLaren marks another major milestone in its global growth strategy. The introduction to the McLaren Automotive board of an influential and well respected partner in Asia will strengthen the company’s corporate and trading influence in the region at a time of encouraging demand for the company’s first ‘pure’ McLaren sports car, the MP4-12C. Demand is strong with the retailers in the Asia-Pacific region confirming orders that account for around 18 months of production.

    Ron Dennis, Executive Chairman of McLaren Automotive and McLaren Group said:  “On behalf of the McLaren Automotive board, I welcome Peter Lim to McLaren and look forward to working closely with him as our company expands into the Asia region.

    “This is a very exciting time for us and, as part of our growth strategy, we have been absolutely rigorous in ensuring that the right partners join us; those who are focused on supporting McLaren Automotive through investment that generates strong returns and strategic growth for the future. Peter Lim’s track record in Asia as a highly respected business leader adds further quality to our board in this highly competitive business environment at an exciting time for the company.”

    With the launch of the first in the range of McLaren sports cars, the MP4-12C, through a brand new global retail network, McLaren is establishing itself as the world’s most exciting new sports car company. McLaren Automotive is focused on the development of a range of innovative, technologically ground-breaking, and bespoke high-performance sports cars, hand-built in a brand new manufacturing facility (the McLaren Production Centre) at its UK headquarters, and full of Formula 1-inspired technologies and development processes.

    McLaren Automotive is designing, developing, and manufacturing a range of exclusive and premium ‘pure’ McLaren sports cars; selling and servicing the range through its global network of dedicated McLaren retailers. An initial network of 35 experienced retailer partners with a reputation for excellent customer service, and a passion for McLaren’s vision, will represent McLaren across 19 countries worldwide in 2011, including Hong Kong, Japan, and Singapore. McLaren Automotive has started distributing the first MP4-12Cs to retailers and customers in the UK and mainland Europe, with distribution in the Asia-Pacific region anticipated from late-2011. The retail network is set to expand conservatively from 2012, including further growth in the Asia region.

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