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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.

UPDATED Aston Martin shuts historic factory

By Tim Pollard Motor Industry 19 July 2007 05:34 The last Vanquish rolled off the line at Aston Martin's historic Newport Pagnell factory today. Much of the historic site will be sold and turned into offices and homes. It brings to an end a long and distinguished history of car and carriage making at Newport Pagnell - stretching all the way back to the 1820s.

London Motor Show sneak preview

British International Motor Show 2008 map By Tim Pollard Motor Shows 02 April 2008 09:45 The organisers of the British Motor Show are drumming up interest early for July's event and have issued a map revealing the layout of the show. Gone are the days of reliance upon new metal to draw in the crowds - the London event looks set to challenge theme parks as much as dealerships.The British International Motor Show will be held at the Excel arena in London's Docklands from 23 July to 3 August 2008 and is set to attract key launches including the new Vauxhall Insignia, Lotus Eagle and, possibly, the Seat Ibiza three-door.But there will be a barrage of non-metal attractions, including:• Drift school where punters can learn how to oversteer• Heritage enclosure with classic cars• Watersports events with formation water-skiing• Off-roading area sponsored by Land Rover• Children's area including an under-age driving school sponsored by PeugeotA full interactive version of the map is available at www.britishmotorshow.co.ukAdult tickets for the show start at £10, children’s tickets from £6.CAR Online will report live from this summer's bi-annual British show. Come back for all the latest news and announcements as they happen