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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.

2010 Toyota 4Runner to be revealed at Texas State Fair

In a nod to its rugged nature, the 2010 Toyota 4Runner will debut on Sept. 24 in Dallas at the Texas State Fair. More details will be revealed then, but Toyota hints that the interior will be upgraded with added room and comfort for the fifth-generation sport-utility vehicle.

Daihatsu A-Concept

The 19th Indonesia International Motor Show currently taking place in Jakarta saw the world debut of the Daihatsu A-Concept. Developed by Daihatsu's Indonesian subsidiary, ADM, the A-Concept is said to be the end product of a thorough study into the wants and needs of the Indonesian market. Named after the first letter in the alphabet, the concept is said to symbolize the start of a new life for Indonesian society.