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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.

Ferrari plans new club to help loyal owners buy limited-edition cars

Ferrari plans to create a collector's club to give loyal customers a better chance of owning one of the company's limited edition cars. The club likely will be open only to people who possess at least five Ferraris. The Italian supercar brand says there are about 300 collectors worldwide who own five or more Prancing Horse models.

Aston Martin One-77 – Testing video

The Aston Martin One-77 testing video below You can tell the Aston Martin One-77 is getting close to fruition. We’ve run stories about the One-77 out testing in December and we’ve also had the story about the one guy ordering up ten One-77s. Raising the profile is the name of the game, even at this exalted price level, so it’s no surprise that Aston Martin have sent us a testing video of the One-77 for your delight and delectation.