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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.
LTU students design SRG Global-branded vehicle
Wed, 15 Jan 2014Lawrence Technological University's (LTU) Daniel Kangas has received a Coach Builder Design Award after winning a semester-long design competition. The contest – sponsored by chrome-plated plastic parts manufacturer SRG Global – challenged LTU students to design a SRG Global-branded vehicle that incorporated the company's products, as well as future technologies and trends. Kangas' design will be developed into SRG Global's virtual car to be used on the company's website and mobile apps to showcase its products and finishes.
Telematics--It’s What’s For Breakfast: Hyundai, Toyota latest to connect their drivers
Thu, 06 Jan 2011Two more carmakers have connected their customers to the cloud. Hyundai introduced its Blue Link platform at the Consumer Telematics Show, held the day before the Consumer Electronics Show opens in Las Vegas. Meanwhile, Toyota revealed details of its coming Entune system at CES.




