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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.

Bahrain F1 win for Button & Brawn GP

Button wins for Brawn GP in Bahrain - the third win of the F1 season for Button/Brawn GP [ad#ad-1] It looked after practice and qualifying that Brawn’s measure had been acquired; at least by Toyota and  Red Bull. After all, the best Brawn could manage was fourth on the grid with Button, and a front row lock-out by Toyota, and Vettel’s third on the grid, seemed to strike a note of reality for this years F1 season. Those who condemned Brawn’s early success this year called it luck.

Fewer learners crashing mid-test

A CRASH in the midst of your driving test is not a good start to your life on the road, but this year it's being predicted that these calamities will take a huge dive. Research from IntelligentCarLeasing.com reveals a downward trend in mid-test collisions. Last year there were 22% fewer than in 2009.