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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.

Red Bull & DC drive the Circuit of the Americas – off road.

DC takes the Red Bull F1 off road Surely, I hear you say, the Americans haven’t managed to finish off the Circuit of the Americas in Austin, Texas, already, have they? And you’d be quite right – they’re at groundworks stage. So how can DC pilot the Red Bull F1 car round a circuit of earth?

Bentley Mulsanne Speed OFFICIALLY revealed – set to cost £250,000

The Bentley Mulsanne Speed (pictured) arrives to extend Bentley’s Speed family. We reported back in July that Bentley were planning to expand their ‘Speed’ range to include the Mulsanne Limousine, and that we expected to see the Bentley Mulsanne Speed at this year’s Paris Motor Show. And that’s exactly what’s happening.