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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.

Policy, green cars take center stage at Washington auto show

Public policy and the ultimate impact it has on consumers' cars was the hot topic on Thursday at the Washington auto show, as companies vied to show off and explain their latest fuel-efficient technologies under the watchful eyes of regulators and government officials. Notably, Chevrolet announced plans to roll out an "Ecologic" environmental label on the 2012 Sonic, with other vehicles to follow. Sort of like nutrition labels for food, Chevy's version will explain the environmental impact of cars throughout their life cycles.

Mazda diesels on the way

Word at the New York auto show has Mazda bringing its Sky-D direct-injection diesel engines to the United States in 2012. The first Mazda oil-burner here will be a Mazda 6-size vehicle, said Mazda CEO Takashi Yamanouchi. He wouldn’t say exactly what car, though.