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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.

Citroen DS Revival – update

We brought you news a few days ago of Citroen’s announcement that they are going to revive the Citroen DS, and launch the first model at the Geneva Motor Show next month. Citroen's DS Inside Concept to show at Geneva Old cynics that we are, we reckoned that this would be nothing more than a bit of badge engineering – Citroen’s ‘Ford Ghia’ moment. And to be honest, the release of the picture you see here, which is Citroen’s DS Inside Concept, and the basis for the first of the ‘DS’ cars, the DS3, hasn’t really changed our minds much.

Jean Bugatti's final project realized 73 years after his death

Legendary designer Jean Buggati's final unfinished project has finally been realized by the Mullin Automotive Museum, 73 years after his death. The Southern Californian Museum is devoted to the preservation of French art and automobiles from the Art Deco era, and has announced that the 1939 Bugatti Type 64 Coupe Chassis #64002 project is nearing completion. The museum – alongside Stewart Reed Design of Pasadena and Automobile Metal Shaping Company of Michigan – has added the swooping coupé body to the original chassis based on sketches left unfinished by Bugatti at the time of his death in 1939.