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Victor Muller sells Spyker sports cars to CPP
Thu, 24 Feb 2011Supercar 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.
The £1300 car
Wed, 09 Jan 2008By Tim Pollard Motoring Issues 09 January 2008 12:21 One of the most intriguing cars of the year will be unveiled later this week: the Tata one-lakh car that could redefine budget transport for the masses. The £1300 bargain will be launched at the New Delhi Auto Show amid an anticipated media storm. Tata hopes to mobilise India with the one-lakh car, named after the Indian shorthand for 100,000 rupees, the equivalent £1300.
Aston Martin outlines Centenary celebrations
Mon, 17 Dec 2012Aston Martin celebrates its centenary year in 2013 and has outlined plans to celebrate 100 years of Aston Martin. Officially, Aston Martin was founded in 1913 – although it was not until after the first world war ended that they actually started proper production – and with 2013 marking 100 years of Aston Martin there are celebrations planned throughout the year. On 15th January – exactly 100 years since Aston Martin was incorporated – the oldest surviving Aston Martin – the A3 – will join the latest Aston Martin Vanquish at Henniker Mews in Chelsea, where Aston Martin originally operated, to unveil a plaque to commemorate the anniversary with the Aston Martin Heritage Trust Walter Hayes Memorial Lecture taking place that evening with Sir John Standing telling the story of Lionel Martin’s early experiences.