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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.

Autoweek archives: Porsche, same as it ever was? Not quite

In July 1997, Autoweek introduced its readers to the next-generation Porsche 911, the Type 996. Hot off the Frankfurt motor show release of the redesigned Type 991 2012 Porsche 911, we thought it might be fun to look at how much the iconic German sports car has changed since then. While it looks like not much has changed, the Type 991 is a brand-new car.

Volkswagen shows off new 1.8-liter engine for Jetta, Passat, and Beetle

Volkswagen is rolling out a new 1.8-liter turbocharged and direct-injected TSI engine which will debut in the Jetta, Beetle, and Passat later this year. This thrifty new engine will replace the 2.5-liter five-cylinder engine now available in those models. But the 1.8-liter is no slouch: it produces the same 170 hp as the outgoing five-cylinder engine, while adding 7 lb-ft torque for a total of 184.