One Lap of the Web: The Internet celebrates the Mustang

Fifty years ago, Muhammad Ali became the heavyweight champion of the world, "Jeopardy!" debuted, Lockheed went 2,000 mph with the YF-12 and a mop-topped band went on a television show to promote what would be shameless nostalgia for the next 50 years, even while it was happening. Oh, and Ford introduced the Mustang, an event that would be Lee Iacocca's Second Greatest Shining Moment, behind introducing Chrysler's TC by Maserati as the prettiest Italian to arrive stateside since his mother. The World's Fair was 50 years ago this week, and the Internet remembers what it was like when the Mustang came out.

First Sight: Smart Fortwo and Forfour

"Dress-down Wednesday," remarked a colleague as Daimler CEO Dieter Zetsche walked on stage wearing jeans and no tie. While it was a hot day in Berlin, Zetsche's excuse for his informal attire was the occasion – the new Smart is here. Its prospective owners, he explained – young, urban consumers with an active lifestyle, not the typical members of corporate Germany – adhere to a different, if similarly rigid etiquette.

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.