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Victor Muller sells Spyker sports cars to CPP
Thu, 24 Feb 2011Supercar 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.
Dacia Sandero: Looks just like a £33k car!
Mon, 11 Mar 2013With Renault’s budget Dacia Sandero now hitting UK showrooms, one dealership has been asking shoppers to estimate how much a Sandero will cost. We’ve all been surprised with the reaction in the UK to the new Dacia range’s arrival in UK showrooms, and not just the price. Renault’s budget range is managing to offer properly credible new cars at prices that are almost a no-brainer, especially if value ranks higher on your wish-list than image or toys.
BMW 3 Series GT Spied
Fri, 25 Mar 20112012 BMW 3-Series GT caught being transported I can’t say we’ve really laid awake at night thinking about it, but the reveal of the BMW 3 Series GT must be getting close. As, for that matter, must the whole new 2012 BMW 3-Series. We first reported that BMW were making a 3-Series GT back in 2009, but we did know they wouldn’t be building one on the current platform, waiting instead for when the new 3-Series due to put in an appearance, probably at Frankfurt in the Autumn (if not before).
