Audi/vw A3 S3 Tt Quattro Golf Golf R Gti (2015-2016) Engine Oil Pan Uro Parts on 2040-parts.com

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.

Green Light For More Smart Motorway Schemes

THE Government has announced plans to speed up journey times on selected parts of the nation’s motorway network. As a result, work will start to convert the hard shoulder into a running lane on two sections of the M1 and on a stretch of the M3. The M1 work will be between junctions 28 and 31 in Derbyshire and between junctions 32 and 35a in South Yorkshire, with claims that it will boost capacity by up to a third and improve journey times by up to 10%.

Detroit Electric unveils the SP:01

Detroit Electric unveiled its SP:01 electric sports car April 3 in Detroit. The Lotus-based roadster claims 201 hp from its mid-mounted electric motor and a range of up to 180 miles from its lithium-polymer battery pack. The company is headquartered in Detroit’s Fisher Building; it’s led by former Lotus Engineering and Lotus Group execs Albert Lam, Don Graundstadt and Benjamin Boycott.