autoevolution

McLaren Receives Major Investment from Singapore Businessman Peter Lim

The high-performance sports car manufacturer announced that Singapore-based businessman Peter Lim had made a significant investment in the company. Thus the Singapore-based businessman joins the McLaren Automotive Board of Directors. Lim’s investment offers McLaren another perspective in its global strategy, with the introduction to the McLaren Automotive board of an influential an well respected partner in Asia.

The new alliance will strengthen the manufacturer’s trading influence in a region where McLaren sales are very encouraging. Retailers in the Asia-Pacific region have recorded strong demand by confirming orders that account for around 18 months of production.

“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,” Ron Dennis, Executive Chairman of McLaren Automotive and McLaren Group.

McLaren aims on developing a range of innovative, technologically ground-breaking, and bespoke high-performance sports cars, hand built in their brand new facility the McLaren Production center.

 
 
 
 
 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories