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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.

Telematics discounts tempting young drivers

INCREASING numbers of young drivers are opting-in to telematics-based car insurance in attempt to reduce their premiums. Specialist young driver insurer Carrot has reported a 62% rise in the number of its policyholders choosing to have a telematics device, consisting of accelerometers and a GPS tracker, fitted to their car. The company says that they could save up to 20% on their annual insurance premium, which for the youngest drivers almost always amounts to a discount of hundreds of pounds.

Peugeot Expands 308 Range With Load-Lugging SW

HOT on the heels of the arrival of its 308 family hatchback, Peugeot has unveiled its new 308 wagon. The 308 SW will get its public debut at the Geneva Motor Show next month, with cars hitting the showrooms this summer. Offering the same minimalist driving environment as the hatch, complete with a large colour touchscreen for access to the car’s main features, the SW also includes a wide range of fuel-efficient petrol and diesel engines.