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Mahindra XUV500 heading for Europe

Mahindra & Mahindra – India’s biggest SUV maker – is heading for Europe with the Mahindra XUV500 SUV. Mahindra & Mahindra are India’s biggest maker of SUVs, but are perhaps best known in Europe for the Ssangyong brand, but they’re on a quest to be major car player in the rest of the world, not just India. That quest is behind their acquisition of failing Korean car maker Ssangyong and the attempt to grab what was left of Saab from the liquidators.

Mad Ferrari V8-engined quad bike

Quad bikes are a curious mode of transport. Especially when they’re powered by a 3.0-litre Ferrari V8 engine. Yes, you read that right – this is the Lazareth Wazuma V8F Matt Edition and beneath its barely there bodywork lurks a thoroughbred V8 motor usually mounted in the middle of one of Maranello’s finest.

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.