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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.

Jaguar XJ Sentinel (2010) first details

Jaguar has revealed details of a new armoured version of its luxury car – the XJ Sentinel. Following on from the sporty XJ75 Platinum concept unveiled earlier this week, the Sentinel is a very different kind of XJ, tailored as it is to the likes of security organisations and governments. Or, let's face it, downright dodgy types likely to have a price on their head.

Daihatsu Kopen concept stars at the Tokyo Motor Show 2013

This modest Daihatsu Kopen concept is indisputably one of the stars of the Tokyo Motor Show 2013. As the name suggests, it’s an all-new version of Daihatsu's tiny but fun, folding metal hardtop roadster sports car. And yes, it is now spelt with a K rather than a C.