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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.

CAFA Degree Show 2011

The 2011 Central Academy of Fine Arts recently held its annual transportation design degree show, themed '2053 sea, land and air amphibious transportation and entertainment design'. Lead by Professor Edward Wong, director of the school's transportation design department, China's leading design school asked students to exert their creativity whilst being conscious of advanced technologies and material applications. The brief called for the next generation of vehicles for the future and whatever environments this may present.

New Chevrolet Caprice tuned to police needs

The new Chevrolet Caprice police patrol vehicle will hit the streets in April 2011, and orders from departments will begin in January. The Caprice will join the Impala and the Tahoe as the bow-tie brand's offerings for police. The new Chevy will feature a 6.0-liter V8 engine pumping out 355 hp and 384 lb-ft of torque.