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China’s Geely to enter the UK car market in 2012

China's Geely is to enter the UK car market in 2012 Chinese car maker Geely is to start selling cars in the UK in 2012, with Manganese Bronze (London Black Cabs) handling distribution. We reported recently that the Geely Emgrand EC7 and the MG6 – both made in China – has achieved a four star rating in the latest round of Euro NCAP safety test. And now Geely has revealed it’s to enter the UK car market in 2012.

Kia at Geneva Motor Show: Kia Sportage (2010)

Kia has revealed the 2010 Sportage at Geneva As with many of the reveals we’re getting at Geneva, we’ve already told you to expect the car in previous reports. We reported a month ago that Kia’s version of the Hyundai ix35 – the Kia Sportage – would bow in at Geneva, but we had precious little detail beyond a couple of photos. Well, Kia have made up for that with one of the longest press releases in a while on the new Sportage.

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.