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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.

Lamborghini Aventador Roadster sold out for the next year

It seems that the newly launched Lamborghini Aventador LP700-4 Roadster is already sold out until the middle of 2014. That North American East Coast outing comes just a few months after Lamborghini revealed its open-topped Aventador at the Los Angeles Auto Show in November with the same 6.5 litre V12 engine as its tin-topped sibling and a 0-62mph of a scant 3.0 seconds. At a UK price expected to be just the right side of £300k you might think, especially in these financially constrained times, Lamborghini might struggle to find buyers for its ultimate toupee wrecker.

European car sales crash

Renault saw its sales fall 23.7 per cent in February Car sales across Europe have fallen nearly 10 per cent in the economic gloom, with Renault, Peugeot Citroen, Fiat and Opel the big losers. There’s been a big decline in new car sales across Europe in February, with monthly sales down almost ten per cent compared to 2011, and it’s the mainstream car makers who are suffering the most. Sales for Renault are down by a massive 23.7 per cent to 86,402, Peugeot Citroen did almost as badly with a drop of 16.5 per cent to 118,381 and Fiat suffered the same percentage drop with sales of 66,249 (Alfa Romeo sales actually fell by 28.5 per cent).