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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.

Mazda pushes fuel economy, plans a new engine by 2011

Mazda's push to increase fuel economy across its model line will include a new range of gasoline engines and may involve the introduction of diesel and idle-stop technology in the United States. Mazda is aiming to increase fuel economy across its global lineup by 30 percent by 2015. The first stage of that transformation will include the introduction of a more fuel-efficient four-cylinder powertrain in 2011.

MG Icon concept car at 2012 Beijing motor show

MG's new Chinese owners showed a Nissan Juke-alike concept car called the Icon at the 2012 Beijing motor show. Its footprint is identical to that of the original MG BT. Although a pure concept car, a spokesman confirmed that the study was a guide to what we could expect from future models from MG.