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JLR Factory plans on track – Sunday Times story rejected

JLR's UK restructuring is on track despite the stories in this weekend's press Back in September, JLR (Jaguar Land Rover) announced that it intended closing one of its Midlands factories as part of a long-term plan to breathe new life in to the future of JLR. We dutifully reported that but confess we took the easy ‘Bad News’ tack on the story. It was obvious; JLR are closing a factory ergo bad news.

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.

Ssangyong getting bullish with the Korando SX

The new Ssangyong Korando SX is to feature in a £1 million TV advertising campaign comparing price and spec with its rivals. It’s almost exactly a year since we reported Ssangyong’s return to the UK market with the Ssangyong Korando, a competitive budget compact SUV they hoped would set them on a path to sales success in the UK. Ssangyong ramped up their Korando offering in June by launching the Korando SX 4×4 at a very reasonable £18,795, although you did have to sacrifice kit – and a lump of power – to achieve the new 4×4 entry price.