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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.

Cyclists 'a pretty special bunch'

WE BRITS think cyclists are more intelligent and charitable than the average person, according to a new report. A study for the British Heart Foundation (BHF) found that sportsmen and women generally were more attractive than celebrities, with most qualities attributed to cyclists. The survey of 600 adults also showed that two thirds admitted to liking lycra.

Skoda Fabia GreenLine does 127mpg in the hands of Gerhard Plattner

Hyper-miler Gerhard Plattner with the 127mpg Skoda Fabia GreenLine That rings a bell, we thought. A guy called Gerhard Plattner doing mega-miles in a Skoda. And then we remembered that two years ago the same guy managed to average 100mpg on  a trip in a SEAT Ibiza ECOMOTIVE between Barcelona to Germany.