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Victor Muller sells Spyker sports cars to CPP
Thu, 24 Feb 2011Supercar 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.
Grand National Roadster Show kicks off in California
Fri, 28 Jan 2011History continued today at the Fairplex in Pomona, Calif., as the 62nd annual Grand National Roadster Show opened its doors for the weekend. Twelve open-topped hot rods will vie for the title of "America's Most Beautiful Roadster" and the right of their owners to scratch thier names onto the accompanying nine-foot-tall trophy. A few minor tweaks to the rules will make this year's judging something new.
BMW X6 M50d (2012) leads facelifted X6 range
Wed, 25 Jan 2012BMW is facelifting its most controversial model, the X6. And what better way of tidying up this coupe-cum-SUV than adding a diesel M version? The new X6 M50d is among the first of a new range of stop-gap M models to slot between the full M GmbH cars and the trim-level M Sport models.