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Singapore billionaire Peter Lim invests in McLaren Automotive
Fri, 19 Aug 2011Singapore 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.
Kia Ceed Sportswagon (2012) first official pictures
Mon, 10 Sep 2012Kia will launch an estate version of the Ceed family hatch in the UK on 10 September 2012, with an unashamed focus on grabbing crucial fleet sales. As such. the Ceed Sportswagon range is turbodiesel only, to try and entice fleet buyers in with low tax rates.
Kia Cross GT SUV Concept arrives ahead of reveal in Chicago
Thu, 07 Feb 2013Kia has revealed their concept for a new large SUV – the Kia Cross GT Concept – ahead of a reveal at the Chicago Auto Show. Underpinning the Cross GT are the same underpinnings the impressive Kia GT Concept we saw at Frankfurt in 2011 had, to create a new SUV that is a chunk bigger than the Sorento (213mm longer with a wheelbase 399mm more) but, thanks to a swooping roofline, is 41mm lower. Power for the Hybrid Cross GT comes from a 3.8 litre petrol V6 and an electric motor which produce around 400bhp and 500lb/ft of torque, driven to all four wheels through an eight-speed auto ‘box.








