Singapore-based businessman Peter Lim makes significant investment in McLaren

Article by Christian A., on August 29, 2011

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.

Press Release

SINGAPORE BUSINESSMAN PETER LIM INVESTS IN McLAREN AUTOMOTIVE

McLaren Automotive, the new high-performance sports car company based at the McLaren Group headquarters in the UK, today announces that Singapore-based businessman Peter Lim has completed a significant investment in the company. Lim, a successful business leader and philanthropist in Singapore, joins the McLaren Automotive Board of Directors with immediate effect.

With Peter Lim's investment, McLaren marks another major milestone in its global growth strategy. The introduction to the McLaren Automotive board of an influential and well respected partner in Asia will strengthen the company's corporate and trading influence in the region at a time of encouraging demand for the company's first 'pure' McLaren sports car, the MP4-12C. Demand is strong with the retailers in the Asia-Pacific region confirming orders that account for around 18 months of production.

Ron Dennis, Executive Chairman of McLaren Automotive and McLaren Group said: "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."

With the launch of the first in the range of McLaren sports cars, the MP4-12C, through a brand new global retail network, McLaren is establishing itself as the world's most exciting new sports car company. McLaren Automotive is focused on the development of a range of innovative, technologically ground-breaking, and bespoke high-performance sports cars, hand-built in a brand new manufacturing facility (the McLaren Production Centre) at its UK headquarters, and full of Formula 1-inspired technologies and development processes.

McLaren Automotive is designing, developing, and manufacturing a range of exclusive and premium 'pure' McLaren sports cars; selling and servicing the range through its global network of dedicated McLaren retailers. An initial network of 35 experienced retailer partners with a reputation for excellent customer service, and a passion for McLaren's vision, will represent McLaren across 19 countries worldwide in 2011, including Hong Kong, Japan, and Singapore. McLaren Automotive has started distributing the first MP4-12Cs to retailers and customers in the UK and mainland Europe, with distribution in the Asia-Pacific region anticipated from late-2011. The retail network is set to expand conservatively from 2012, including further growth in the Asia region.

Topics: mclaren, investment

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