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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.

Inside Bob Pond's car collection

Robert Pond was an industrialist, an aviator, a Navy pilot, an aircraft designer, a genuine car enthusiast, a philanthropist, a Minnesotan at heart and a man who turned a family business from eight employees to a global $100-million concern. Pond was born in 1924 in Edina, Minn., 10 miles southwest of Minneapolis. He signed up for the Navy Air Corps in 1942, and survived three years of training on J-3 Piper Cubs and PBY Catalinas to graduate in July of 1945 -- just three months before Japan surrendered to the US.

Amazing unique Rolls-Royce headed to auction

ROLLS-ROYCE fanatics should start warming up their cheque books, as news has emerged that the very first Corniche ever made is about to head to auction. Chassis number 001, built in 2000, is not just the first of its model, though. It was the first example of the very last model to be made in Crewe, at the firm's former facility and under independent ownership.