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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.
Production Porsche 918 Spyder – first photo from Pebble Beach
Thu, 15 Aug 2013The Porsche 918 Spyder arrives at Pebble Beach The Porsche 918 Spyder has been on its way for quite some time, and we’ve seen it in umpteen guises from 918 Concept to 918 in disguise to 918 in Martini colours. And now we get the real deal – the production version of the 918 Spyder. But rather than a fanfare and a gazillion photos, Porsche has simply posted a single photo on Twitter to announce that the production 918 is at Montery Motor Week.
Who's Where: Lorenzo Ramaciotti appointed Chief of Design for Fiat Group
Mon, 28 May 2007Starting June 1, 2007 Lorenzo Ramaciotti will become the new Group Chief of Design at Fiat Group Automobiles. Ramaciotti was snatched up by Fiat CEO Sergio Marchionne and convinced to head the company's design direction, filling a newly created position that hasn't previously existed at Fiat. Lorenzo Ramaciotti, who retired from Pininfarina in June 2005 after working for the famed coachbuilder for 32 years, will be responsible for all the Fiat Group brands, including Alfa Romeo, Lancia and Maserati.