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BMW creates mini version of Art Car by artist Jeff Koons

Known for his whimsical sculptures, artist Jeff Koons is using his skills to create limited-edition BMW Miniature Art Cars instead of giant stainless-steel balloon animals. Famed artists such as Andy Warhol and Roy Lichtenstein have created their own BMW Art Cars, and Koons is just the latest in a line such works since Alexander Calder painted the first installment in the Art Car Collection in 1975 Adorned with bright streaks of color against a black background, the full-size vehicle competed in Le Mans in 2010. Miniature models are available now.

Porsche Panamera Sport Turismo Concept

This is the Porsche Panamera Sport Turismo Concept – a Porsche Panamara Shooting Brake Hybrid – headed for a Paris 2012 debut. There have been rumours for some time that Porsche was going to build a shooting brake version of the Panamera -we reported it would be at Paris 2012 back in July – and on the eve of the Paris Motor Show we get the proof – the first photos of the Porsche Panamera Sport Turismo Concept. The Panamera Sport looks like it’s got some sort of hybrid powertrain, although we have no details yet from Porsche.

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.