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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.

Mercedes-Benz reveals all-new C-Class

Mercedes-Benz has uncovered the new C-Class – a model aimed at toppling the all-conquering BMW 3 Series. Benefitting from the full might of Mercedes’ technological arsenal, the new C-Class is the most advanced version yet by a clear margin… and in some respects, is the most sophisticated vehicle the junior executive class has ever seen, too. It also takes on a sleek new look, owing plenty to the highly-praised new S-Class, while the interior offers, says Mercedes, an experience akin to stepping from economy class to business class on an aircraft.

News watch May 2010: today's auto industry news

By Tim Pollard and Ben Pulman Motor Industry 28 May 2009 15:00 Welcome to CAR's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 28 May 2010• Gordon Murray Design has announced specification and performance targetsfor the electric T.27 city car. The company is working with Zytek, and the projected emissions figures are 48g/km on the combined cycle, with the full lifecycle CO2 impact of the T.27 being 42% less than the average UK car.