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CPP reacts to news of Spyker sale to North Street Capital

CPP's Brendan O'Toole & Spyker's Victor Muller - when things seemed simple The rather surprising news breaking overnight that Victor Muller has done a deal with a North American Private Equity firm – North Street Capital – to buy Spyker was something of a surprise; we still expected the deal with CPP, backed by Muller’s banker Vladimir Antonov, to conclude in an orderly fashion. So before we jumped in with a report we thought we ought to dig a bit and see what’s going on. But we’re still really none the wiser.

Kia Motors appoints Peter Schreyer as President

Kia Motors has appointed the man who changed their design – former VW man Perter Schreyer – as President. When Peter Schreyer left VW in 2006 after a sparkling career that saw him establish the Audi design philosophy – still a hallmark of Audi design – to head up design at stodgy Kia, many in the industry thought it an odd move. But Peter Schreyer seemed keen to prove his worth after VW had passed him over to head up their new design studio, and Kia offered the prospect of turning a budget brand in to a mainstream force with cutting edge designs and, it would seem, a pretty free hand to do what it would take.

Travis Pastrana spoofs his DC Shoes boss Ken Block in new video

We love a little friendly interteam rivalry--especially when it involves driver Travis Pastrana and his boss at DC Shoes, Ken Block. Gymkhana ace Block released a video in February featuring his new livery for the DC Shoes WRC Ford Fiesta and his 2011 schedule of events. The hard-rock-and-techno-scored video shows Block in race gear, with his car and a few femme fatales in black vinyl and other DC gear.