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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.

Audi ascending

Ford has owned the International Consumer Electronics show the last few years, but now a host of other automakers are making their presence felt at the techno party. Case in point: Audi AG CEO Rupert Stadler's appearance as a keynote speaker Thursday morning at the Las Vegas Hilton. Actor James Cromwell, from I, Robot movie fame, introduced Stadler, who rolled onto stage in an e-tron Spyder concept car.

Fiat plans Chrysler makeover in 2011

Chrysler is to get a complete overhaul in 2011. After months of uncertainty, its new masters at Fiat are planning a raft of new models and targets to more than double UK sales. Despite only selling 2692 Chryslers in the UK during 2009, Fiat and Chrysler marketing director Elena Bernardelli told Business Car magazine she expects Chrysler sales to exceed 6000 in 2011.