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Peugeot 308 RC Z and hybrids

By Tim Pollard Motor Shows 13 September 2007 02:36 Peugeot 308 RCZ: the lowdown The Peugeot stand at Frankfurt was a timely reminder just how much the market has fragmented these days. It was packed with 27 cars in rambling hall 8 – five of which were new concept cars, albeit mostly versions of existing production cars. But there was little doubt which was most eye-catching: the 308 coupe concept was an elegant reminder that French design shouldn’t be written off quite yet.

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.

Ecclestone in court over 'bribery'

THE TRIAL of Formula One boss Bernie Ecclestone on bribery charges has begun in a case that could threaten his grip on the sport. Ecclestone, 83, talked with his lawyers and smiled as he took his place at the Munich state court today. He is accused of bribery and incitement to breach of trust, and could face up to 10 years in prison if convicted.