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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.

Kias are the least expensive to insure; Audi and Acura, not so much

The Kia Sedona tops the list, with the Mazda 5, the Ford Escape and the Hyundai Santa Fe right behind. No, it's not the “top cars least likely to be bought by enthusiasts” list, although it would fit. It's the list of the least expensive cars to insure.

Gumpert back with the Gumpert Tornante at Geneva

The Gumpert Tornante will debut at Geneva We realised at the end of last Summer that Gumpert had been very quiet. We’d run a few stories – for example when the Gumpert Apollo S et a Nurburgring record – but really, very little. And then we discovered that Gumpert had been on the edge of financial oblivion and had laid off almost all its staff.