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GM will launch 60-day money-back guarantee

General Motors Co. is taking a page from the retail industry with its latest marketing blitz in an effort sell more cars: a 60-day money-back guarantee. The initiative--unorthodox for an automaker--starts Monday and covers 2009 and 2010 model-year cars from GM's surviving brands, Chevrolet, Cadillac, Buick and GMC.

Own exclusive Jaguar XJ press kit when you subscribe

Own exclusive Jaguar XJ press kit when you subscribe By Tim Pollard Motor Industry 15 July 2009 12:35 To celebrate our new September 2009 issue of CAR Magazine starring the new 2010 XJ on the cover, we’ve persuaded Jaguar to give new subscribers a money-can’t-buy multimedia press kit of the important new limousine. Click here to take advantage of CAR’s exclusive offer. Usually reserved for journalists, the lavish presentation pack tells the full engineering and design story of the new Jaguar XJ and is bursting with exclusive design sketches and cutaway drawings.

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.