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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.

Kia Rio

The new Kia Rio made its debut earlier this month, at the 81st Geneva show. Falling in line with the new Kia identity, the Rio now sports the family DRG as well as certain design cues from other models in the range. The Rio is a significant leap forward over the outgoing car in all areas, adopting a more Germanic feel.

Concept Car of the Week: Saab Aero X

In January 2005 Bryan Nesbitt, then-executive director of GM Europe Design, charged the 15-strong Saab Advanced design team in Gothenburg, Sweden, to create the "ultimate vision of the brand". The design team – led by head of Advanced Design at Saab, Anthony Lo – worked on a number of sports car proposals, which were considered 'the jet fighters of the road.' The chosen proposal by Alex Daniel was for a large, front-engined sports car that would become one of the most universally acclaimed concept cars of recent times. Of course the Aero X's door arrangement – complete with huge, forward-hinged canopy – is its party trick, but even without the theatrics the car's proportions, surfacing and graphics are exceptional.