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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.

Volkswagen Golf R Cabriolet price cut – down by £5,600

The VW Golf R Cabriolet (pictured) drops in price by £5,600 We’ve long wondered why Volkswagen hadn’t built a Golf R Cabriolet. But when they did finally bite the bullet and take the top of the Golf R for a production run, it was a bit of a let down. It was a let down because it seemed so cynical.

2013 Mercedes E-Class Coupe & Convertible Facelift revealed

Mercedes has revealed the facelift for the 2013 E Class Convertible and Coupe – adding to the Saloon and Estate updates we saw in December. The changes to the E-Class Coupe and Convertible are similar to those on the estate and saloon, with new single headlights instead of the E-Class’s familiar double headlights (although the LED running lights up the middle of the headlight conspire to make it look like it still has twin lights), new bumpers and LED tail lights. But the E-Class Coupe and Convertible don’t the sheet metal changes the saloon an d estate get, so the Coupe and Convertible retain the pontoon rear haunches to set them apart from the four-door E-Class models.