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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.

Audi A3 E-tron concept (2011) first official pictures

This is the Audi A3 E-tron concept, just unveiled alongside the new Q3 SUV at the 2011 Shanghai motor show. It’s Audi’s second A3 concept car in the space of two months – the first was a 402bhp super saloon, but this is a little more eco-conscious, with a plug-in hybrid powertrain – but both preview how the next A3 will look. Does this new Audi A3 E-tron concept still use the first concept's turbocharged 2.5-litre five-pot engine?

Audi A5 Sportback preview (w/ Video)

Audi has revealed a teaser image and sketch of the forthcoming A5 Sportback, which is scheduled to make its debut at the Frankfurt motor show in September. Though the core design of the production car is similar to the Sportback show car unveiled at the NAIAS in Detroit at the start of this year, it will be smaller in size. Coined a 'five-door coupe' by the Ignolstadt-based automaker, the Sportback features a spoiler lip and a diffuser insert integrated into its elongated rear end.