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Victor Muller sells Spyker sports cars to CPP
Thu, 24 Feb 2011Supercar 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.
Nissan Note freshens up for 2011: first picture
Thu, 19 Aug 2010The 'new' 2011 Nissan Note. What do you mean you couldn't tell? By Tim Pollard First Official Pictures 19 August 2010 09:37 Nissan has pepped up the Note mini-MPV for the 2011 model year.
Fiat-Chrysler to make Jeeps, Alfas in Italy starting in 2012
Fri, 26 Nov 2010Fiat S.p.A. and Chrysler Group will build Alfa Romeo and Jeep models for global distribution as part of a new joint-venture company that will take control over Fiat's Mirafiori plant in Turin, Fiat said Friday. Fiat-Chrysler will invest more than 1 billion euros (more than $1.3 billion) to retool the factory.