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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.

Aston Martin Shop – at the Nurburgring

Aston Martin has opened a 2500 sq ft shop at the Nurburgring selling accessories and trinkets And now Aston Martin has decided it’s time to play shopkeeper, so they have opened up a new merchandise store at the Nurburgring. And they’re in good company, as both Nissan and Ferrari have recently done the same. But this is as much about the Nurburgring’s intention of becoming a leisure and business centre as it is about being a sales refuge for beleaguered car makers.

Porsche 911 Turbo S (2010) revealed +video

Porsche has revealed the 2010 911 Turbo S - sales start May. Porsche has a habit of sticking the ‘S’ badge on the back of its Turbo cars as a Special Edition or run-out model. It did it with 993 and 996 911s, but this time the 997 Porsche 911 Turbo S is to be a stand-alone model at the top of the 911 tree.