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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.

Fire risk Porsche in global recall

SPORTS car maker Porsche is asking more than 100 UK owners of the latest 911 GT3 models to stop driving them while tests go on following cases of vehicles catching fire. The advice, to 101 UK owners who have paid around £100,000 for their vehicles, has gone out to a total of 785 owners worldwide of the GT3s from the 2014 model year. Porsche said there had been two cases in Europe of cars catching fire.

UK & Germany announce investments in Hydrogen Filling Stations

Daimler & Linde are investing in Hydrogen refuelling stations in nGermany The first real world hydrogen powered cars are just starting to hit roads in Europe, and probably the biggest obstacle to their success is a comprehensive refuelling network. But attempts to start to address that problem have now been announced in the UK and Germany. In the UK, the government is investing £11 million – part-funded by industry – to create new hydrogen filling stations in the UK in the next year.