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CPP reacts to news of Spyker sale to North Street Capital

CPP's Brendan O'Toole & Spyker's Victor Muller - when things seemed simple The rather surprising news breaking overnight that Victor Muller has done a deal with a North American Private Equity firm – North Street Capital – to buy Spyker was something of a surprise; we still expected the deal with CPP, backed by Muller’s banker Vladimir Antonov, to conclude in an orderly fashion. So before we jumped in with a report we thought we ought to dig a bit and see what’s going on. But we’re still really none the wiser.

Ten days and counting, China traffic jam extends 60 miles

Tuesday marked the 10th day of a traffic jam extending more than 60 miles on China's Beijing-Tibet Expressway. The congestion is a result of road construction that is expected to continue until mid-September, the Associated Press reported. At one point, vehicles were moving little more than a half-mile a day.

Lexus LS (EU version)

The fifth-generation Lexus LS is the latest full-size luxury sedan to wear the badge since Toyota's premium brand was introduced in 1989. It continues the model's gentle evolution, this latest version reflecting the brand's L-finesse design language.  This is best seen in its inverted trapezoidal 'spindle' grille and L-shaped DRLs. The EU model measures in at 5,090mm long – 30mm longer than the outgoing model – while the wheelbase remains 2,970mm in length. The front and rear overhangs have increased by 10 and 20mm respectively.