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CPP reacts to news of Spyker sale to North Street Capital

CPP's Brendan O'Toole & Spyker's Victor Muller - when things seemed simple The rather surprising news breaking overnight that Victor Muller has done a deal with a North American Private Equity firm – North Street Capital – to buy Spyker was something of a surprise; we still expected the deal with CPP, backed by Muller’s banker Vladimir Antonov, to conclude in an orderly fashion. So before we jumped in with a report we thought we ought to dig a bit and see what’s going on. But we’re still really none the wiser.

Car Design Awards winners benefit from Northumbria placement

阅读本文中文版本请点击这里 The winners of the inaugural Car Design Awards China competition were announced at a glamorous ceremony in the studios of CH-Auto during the Beijing auto show in April, marking the culmination of successful competition. Seven talented students – who had responded to briefs set by GM, PSA Peugeot Citroen, SAIC (with its MG brand) and Volkswagen – were presented with awards in five categories, and five were given the opportunity to attend Northumbria University's Transportation Design course, in the UK, on a two week placement. The five students – Bingyang Hu, Geng Li, Yanchao Wang, Kaiji Pu and Liang Chen – began this exciting, yet challenging journey in December 2009, when they entered the 2010 Car Design Awards China competition.

Report: Teen driving deaths increase in 2012

Deaths among new drivers in the beginning of 2012 increased 19 percent, according to a report from the Governors Highway Safety Association. Overall, 16- and 17-year-old driver deaths increased from 202 to 240. The report is based on preliminary data from all 50 states and the District of Columbia for the first six months of 2012.