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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.
Infiniti introduces personal concierge service with new cars
Mon, 11 Jul 2011The luxury-car market is tough a game when the economy is going good. When it's bad, automakers have to think up all sorts of incentives to get buyers into showrooms. Case in point: the personal concierge service from Infiniti.
Car games galore at the Electronic Entertainment Expo
Wed, 12 Jun 2013“Nearly every American plays video games,” said Mike Gallagher, president and CEO of the Entertainment Software Association. Lucky for you, the car enthusiast, nearly every video-game maker also makes a car-related video game. And just about all video-game makers gather once a year at the Electronic Entertainment Expo, or E3, held again in the very same Los Angeles Convention Center that houses the LA auto show.