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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.

College Exhibition: Coventry Degree Show 2006

Transportation and product design students at Coventry University in England recently displayed their work in the school's summer degree show, one of the two graduation shows per year. A total of 74 students graduated in various fields including Automotive Design, Transport and Product Design, Vehicle Design, Boat Design and Consumer Product Design. With such a large body of graduating students, Coventry have wisely chosen to introduce a separate 'Selected Works' show this year for industry guests, which also opened to the public for one week at the end of June.

Mercedes SLS Roadster & C63 Coupe in Super Bowl Advert.

The Mercedes SLS AMG Roadster & C63 AMG feature in the Super Bowl Advert The Super Bowl is a big deal in the US. Or so our US readers tell us. A bit like the FA cup.