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VW Golf GTI concept (2012) first pictures

Volkswagen surprised the Paris motor show attendees with this production-ready Golf GTI concept car shown today. Although dubbed a concept, everything looks and feels like a showroom ready hot hatch. Expect to see the real thing at next spring's 2013 Geneva motor show.

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.

Follow Coventry University students' grad projects on their Tumblr

We always aim to highlight as many college exhibitions as possible, but with so many graduating students each year, it's not surprising some are taking the promotion of their work into their own hands. The transportation and automotive design students at Coventry University have done just that by setting up a Tumblr highlighting the development of the final projects we'll see towards the end of May. The quality and variety of work looks very promising, especially considering they're some way from finished.