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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.

Schumacher won’t be back

Michael Schumacher's motor bike accident in February has spoiled his comeback Well. it appears that it is indeed a step too far for the 40 year old Schumacher. He suffered a neck injury earlier this year whilst out playing with motor bikes to get his adrenalin fix.

Mercedes-Benz to use Maybach name for range-topping S-class

Mercedes-Benz will be bringing back the Maybach name for the extra-long-wheelbase S-class, which is expected to go on sale by the end of this year. This version of the S-class will be a third bodystyle (out of an eventual total of four), and will be positioned above the V12-powered S600 and its AMG siblings. The Maybach-branded Mercedes-Benz personal limousine will essentially be a replacement for the Maybach 62, and will feature an entirely reworked rear section with new rectangular rear doors and a new rear passenger compartment with first-class seating.