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Porsche Panamera to debut at Shanghai

Porsche Panamera will debut in Shanghai in April It’s a sign of the growing importance of the Chinese market that Porsche has chosen to launch the car officially in China. Even the Chinese car market is suffering at the moment, but the simple fact is that with such a huge population, and a Chinese DNA that seems to predispose them to commerce now they are allowed to ‘Trade’ once again, there will probably be more potential Porsche buyers in China in the next 10 years than in the rest of the world combined. So suck-up now seems a good motto.

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.

Opel offers glimpse at futuristic Monza concept car

Opel is about to show us a glimpse of its future with the Monza concept car, which will be revealed at the Frankfurt Motor Show later this fall. The Monza, a nameplate we haven't seen for a while, will preview Opels of the near future, showcasing technology and design rather than being a production-ready car. But some of the styling will surely trickle down to the company's road cars.