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CPP buys Bowler Offroad

Bowler Nemesis - Now made - and owned - by CPP Goodness, CPP Manufacturing are busy little bees at the moment. No sooner do we learn that CPP has bought Spyker Cars (well, strictly speaking it’s CPP Global Holdings Ltd who are hoovering up with Vladimir Antonov’s money) than we discover CPP has also acquired Bowler Offroad. For the uninitiated, Bowler are the makers of bonkers offroad vehicles that can probably be best described as Land Rover Supercars.

US Government urged to promote diesel cars, NOT electric & hybrid

Diesel cars best option says former US Transport Secretary Former American Transport Secretary Norman Mineta is urging the US Government to promote high efficiency diesels instead of electric and hybrid cars. Just like the UK government, the US government seems obsessed with promoting electric and hybrid cars as the way of the future, something anyone who really knows cars will tell you is a nonsensical approach. Hybrid and electric cars are too costly to produce and have little appeal for the car buying public.

GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.