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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.

Nissan TeRRA [w/Gallery]

Nissan has added another entry to the list of things see at the upcoming Paris motor show in the shape of its TeRRA SUV concept. The TeRRA is a seeming oxymoron as an electric SUV, mixing two of Nissan's strongest market segments into a vehicle that resembles a cross between a Leaf and a Patrol. "You have the big tires, high belt-line, thick pillars and thin side windows of the SUV vocabulary,” explains Shiro Nakamura, Nissan senior vice president and chief creative officer.

New Rolls Royce marks water speed records

A POWERFUL land vehicle which pays homage to speed on water has been unveiled by Rolls-Royce. The car company showed off its limited-edition Waterspeed Phantom Drophead Coupe on the site of the original Bluebird Motor Company forever associated with the speed record-holding Campbell family. The site is now the Bluebird restaurant on the King's Road in west London, with the Bluebird company having funded Sir Malcolm Campbell's waterspeed record attempts.