McLaren Sees Investment From A Singapore Businessman

Ron Dennis Executive Chairman McLaren Automotive With The McLaren MP4-12C
Ron Dennis Executive Chairman McLaren Automotive With The McLaren MP4-12C

McLaren Automotive has announced the Peter Lim, a Singapore businessman has made a significant investmen in the company and will join the McLaren Automotive Board of Directors immediately.

McLaren marks another major milestone in its global growth strategy with the investment by Peter Lim. The introduction to the McLaren Automotive board of an influential and well respected partner in Asia will help to strengthen corporate and trading influence in the region whilst driving demand for the McLaren MP4-12C. Demand is strong with the retailers in the Asia-Pacific region confirming orders that account for around 18 months of production.

The first McLaren MP4-12Cs have been distributed to retailers and customers in the UK and mainland Europe, with distribution to the Asia-Pacific region anticipated from late 2011. The retail network will see expansion from late 2011, and from 2012 conservative expansion to include further growth in the Asia region.

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."

Published : 19/08/11 Author : Staff

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