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CPP reacts to news of Spyker sale to North Street Capital

CPP's Brendan O'Toole & Spyker's Victor Muller - when things seemed simple The rather surprising news breaking overnight that Victor Muller has done a deal with a North American Private Equity firm – North Street Capital – to buy Spyker was something of a surprise; we still expected the deal with CPP, backed by Muller’s banker Vladimir Antonov, to conclude in an orderly fashion. So before we jumped in with a report we thought we ought to dig a bit and see what’s going on. But we’re still really none the wiser.

Skoda Fabia vRS to be dropped due to poor sales. Is that a good idea?

The Skoda Fabia vRS (pictured) is being axed The current version of the Skoda Fabia vRS has been with us since the Geneva Motor Show in 2010, and it’s a cracking little car. It’s the Skoda version of the VW Polo GTI and comes with the same 1.4 litre TSI supercharged with a healthy 178bhp, 7-speed DSG gearbox and performance and economy that satisfies – 0-62mph in 7.1 seconds and 44mpg. But it seems buyers aren’t queueing round the block to drive off in Skoda’s hot little Fabia so it’s going to be dropped.

Porsche is developing a new four-cylinder engine set to power entry-level model

High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.