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Lord Sugar leads roadworks campaign

THE GOVERNMENT is to look at the better coordination of roadworks by utility companies after complaints by peers. Labour's Lord Sugar led the call for action at question time in the Lords with support from Tory former chancellor Lord Lamont of Lerwick. Lord Sugar, star of BBC television's The Apprentice show, urged "commonsense coordination" between the gas, electricity, water and telecoms companies.

Univeristy honours F1's Flying Scot

FORMULA ONE hero Sir Jackie Stewart will receive an honorary degree today. The 74-year-old racing star will collect the award from Edinburgh Napier University at a ceremony in the city. Known as "The Flying Scot", he won the Grand Prix 27 times and was Formula 1 World Champion three times.

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.