Singapore-based businessman Peter Lim has invested into British sports car maker McLaren Automotive. With this significant investment, Lim has become a member of McLaren Automotive Board of Directors. McLaren considers the investment to be a major milestone in its global growth strategy since the entry of Lim – a well-known, influential and respected partner in Asia -- into its board of directors should augment the carmaker’s corporate and trading influence in the region at a time when there is high demand for the McLaren MP4-12C sports car.
In fact, orders received by retailers in the Asia-Pacific region account for around 18 months of production. Ron Dennis, Executive Chairman of McLaren Automotive and McLaren Group, welcomed Lim to the company, adding that the board is looking forward to working with the Singapore-based businessman during its expansion into Asia.
Dennis added that McLaren has been rigorous in making sure that the right partners join the carmaker – those who are focused on supporting the company via investments that do not only generate strong returns but also allow for strategic growth in the future. He noted that Lim's track record as a highly respected business leader in Asia boosts the board’s quality.
The introduction of the MP4-12C -- McLaren’s first true sports car -- through a new global retail network allows the carmaker to establish itself as the most exciting new sports car company in the world. McLaren Automotive develops and builds innovative and highly bespoke high-performance sports cars at the McLaren Production Centre in the United Kingdom, employing its Formula 1-inspired technologies and development processes.
It is currently designing, developing, and building a range of premium and exclusive 'pure' McLaren sports cars. These new sports cars are sold and serviced through a global network of dedicated McLaren retailers. In 2011, McLaren has around 35 retailer partners in 19 countries around the world, including Hong Kong, Japan, and Singapore.
McLaren Automotive commenced distribution of the first MP4-12Cs to retailers and customers in the UK and mainland Europe. Distribution to retailers in the Asia-Pacific region is expected to occur late 2011. McLaren expects its retail network to expand conservatively starting 2012, including in Asia.