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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.

Mitusbishi Outlander GT – New York update

The Mitsubishi Outlander GT Concept will go in to production - expect it in the UK in January 2010 Tagged as a Concept Car when Mitsubishi revealed the first information last week, it has now been confirmed that the Outlander GT will go in to production. It will lose a few of the Concept-Cutie bits, such as the ventilated Brembos and the Oz wheels, but apart from that it will be produced pretty much unchanged. I wasn’t too sure about the Lancer nose when it first came in (although it has grown on me) but it does suit the Outlander GT.

Chrysler sets the pace as industry sales climb 8 percent

U.S. light vehicle sales--led by Chrysler--rose 8 percent in October to an estimated 1.02 million units, matching forecasts and enough to keep the industry's rebound on track despite ongoing economic uncertainties. It was the eighth consecutive month in which U.S.