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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.

2011 Ram Adventurer arrives in the spring

There's history, and then there's deep history. Chrysler reached all the way back to the 1950s for the code name of its next Hemi-powered Ram, the "Adventurer." In fact, it wasn't even a Chrysler. Rather, the original Adventurer was a top-of-the-line DeSoto.

VW Passat gets DSG

Spawned from the very middle of the road Passat, the CC brings the style of the Mercedes CLS to the sector below. A truly good looking car, which should, if there were any justice, sell by the bucket load. VW Passat CC now gets the superb DSG gearbox And VW has just made the CC even more desirable by adding a 7 speed DSG option to the mix.