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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.

Volvo partnership to improve cyclist safety

Volvo has teamed up with an extreme sports company in a bid to improve safety between cars and cyclists. The manufacturer has signed an agreement with Swedish firm POC – a company that develops high-tech protective sports gear. On Bing: see pictures of the Volvo XC Concept Coupé Find out how much a used Volvo costs on Auto Trader Research between the new partnership will initially concentrate on communication between cars and cyclists.

Autonomous emergency braking mandatory in Europe by 2014

Autonomous emergency braking (AEB) is set to become mandatory as a result of new European regulations. From 2014 Euro NCAP – the organization responsible for conducting independent assessment of vehicle safety performance – will amend its reports and no car will gain a five-star rating without AEB. It's hoped an increased use of the system will cut down on front-end impacts as well as pedestrian injuries.