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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.

Panamera delays mean free luggage for owners

The first nearly 200 buyers of the Porsche Panamera in the United States are getting a little something extra--the Porsche luggage set, priced at $3,580--for free. Porsche is giving away the specially designed luggage because the first batch of Panameras are late--they've been held at the ports while a problem with the car's key and software have been fixed. The expectant owners were sent a letter from Porsche explaining the delay.

'First Aid' penalty notice scrapped

A MOTORIST who received a penalty ticket when a camera car spotted her in a loading bay in Bristol after pulling over to administer first aid to an injured cyclist has had it cancelled. Janet Young had gone to help the cyclist in Church Road, St George, after he clipped a pavement and came off his bike. Mrs Young, a receptionist from Bristol, said despite the ticket she would do the same thing again.