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Victor Muller sells Spyker sports cars to CPP
Thu, 24 Feb 2011Supercar 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.
2012 Hyundai i20 Facelift arrives UPDATED
Sat, 03 Mar 2012The 2012 Hyundai i20 Facelift arrives a bit earlier than Hyundai planned The Hyundai i20 Facelift for 2012 has arrived a bit earlier than Hyundai planned, with the first photos arriving ahead of its Geneva debut. Update: Hyundai caught up with the news on the i20 facelift and confirmed the changes. But under the skin they’ve also had a play, with a new 1.1 litre 3-cylinder ‘U-II’ diesel which, when mated to Hyundai’s Blue Drive tech, delivers 74bhp and the lowest emissions of any car on sale with a conventional powertrain at just 84g/km.
Subaru Rally Team driver David Higgins crushes Mt. Washington Hill Climb record
Tue, 28 Jun 2011It's the season of the hill climb, those few months of the year when even the tallest mountains shed their snowcaps and open up for all manner of driver and race car. There's the Spectre 341 Challenge in Nevada, Pikes Peak in Colorado and the Mt. Washington Hill Climb in New Hampshire, which just had its 13-year-old record smashed by Subaru Rally Team driver David Higgins.