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Victor Muller sells Spyker sports cars to CPP

Supercar maker Spyker is to be sold. Coventry-based coachbuilder CPP has announced a memorandum of understanding (MOU) to buy Spyker Cars from Spyker Cars N.V, the holding company which owns Spyker and Saab. No. Saab remains under the ownership of Dutch company Spyker Cars N.V. This sale is of Spyker, the manufacturer of flamboyantly detailed mid-engined supercars. CPP has been supplying chassis and body panels for Spyker since the brand was relaunched in 2000, and completed an agreement to handle full manufacturing of the current range in 2009 – the production of Spyker cars moved from the Netherlands to Coventry in 2010.   The MOU, valued at €32m, will mean that CPP Global Holdings Ltd will become manufacturer and owner of Spyker – €15m will be paid straight away, with the remaining €17m paid over a six year 'earn-out' period.

Britain becomes the engine room of Europe

By Nigel Wonnacott Motor Industry 26 June 2008 13:59 Britain makes twice as many engines each year as cars. Latest industry figures reveal more than 3.1 million petrol and diesel engines were produced at domestic plants in 2007, compared to just over 1.5 million cars. Output has soared recently, with more than half a million more engines leaving production lines in the last two years.

New 2015 Honda NSX – Made in America

The new Centre – costing $70 million, stretching to 184,000 square feet and housed inside Honda’s old logistics facility – will employ 100 of Honda’s most skilled workers in Ohio to bolt the new NSX together, and even the engine will be assembled at Honda’s engine plant in Anna, Ohio. Not only has Honda revealed where the US-designed NSX will be built, but they’ve appointed their R&D chief engineer, Ted Klaus, to lead the team developing the new NSX and Clement D’ Souza, associate chief engineer at Honda USA, to head up production. Ted Klaus said: This new plant will be as unique as the vehicle we will build here.