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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.

2011 Renault Laguna Facelift gets priced

The 2011 Renault Laguna facelift gets priced We guess it’s easier to get your act together as a car maker to price a facelifted car than an all new car. That said, if any business builds a product without knowing its retail price they are in danger of coming unstuck. Still, we applaud Renault for managing to get UK prices for the 2011 Renault Laguna Facelift sorted in a month since the 2011 Laguna appeared at the Paris Motor Show, especially as it took VW eight months to let UK buyers know how much it wanted for the 2011 Sharan.

Aston Martin Vantage GT2 (2008): first official pictures

By Ben Pulman First Official Pictures 31 March 2008 11:03 Aston Martin Racing has officially unveiled the Vantage GT2. Its 4.3-litre V8 produces 500bhp and the Vantage GT2 weighs a mere 1200kg. That means it'll be quick, and it needs to be. The Vantage will have the unenviable task of taking on Porsche and Ferrari in the most competitive endurance racing class, GT2. The price?