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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.

Land Rover Discovery – 20 years old +video

Land Rover Discovery 4 - The latest iteration of the Discovery It’s a sure sign that I’m getting old. Policeman look like they’ve just come out of short pants (which in the case of the ‘Plastic’ (community) police, some have); white cars look old-fashioned (although I’m coming to terms with that one); my arms are only just long enough to read the newspaper and my back goes out more than I do. But I can now add another to that list: Land Rover’s ‘New’ car – the Land Rover Discovery – is 20 years old, and it only seems five minutes since it hit the market.

Mercedes M-Class (2011) first official pictures

This is the new Mercedes M-class. Evolutionary styling hides a range of new engines, including a four-cylinder diesel as Mercedes tries to give its American-made SUV a dose of increased efficiency. Mercedes M-class: design and interior Mercedes wasn't tempted to radically reshape the M-class for 2011.