CPP Global Holdings Ltd, a premium coachbuilding company based in Coventry, UK, has signed a Memorandum of Understanding to acquire the assets of the Spyker luxury sportscar company from Spyker Cars N.V. – the Dutch EURONEXT-listed holding company which currently operates the Spyker and Saab Automobile businesses.

The purchase price would be 32 million Euros, 15 million Euros of which would be paid immediately upon the finalisation of the deal, with the remaining 17 million Euros to be paid over a six year ‘earn-out’ period. Read the rest of this entry »

General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB.

“Today´s announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances.

“General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we’re all happy for the positive outcome,” Smith said.

As part of the agreement, Spyker intends to form a new company, Saab Spyker Automobiles, which will carry the Saab brand forward. The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals. Other terms and conditions specific to the sale will be disclosed in due time. Read the rest of this entry »

The Russian chairman of supercar manufacturer Spyker survived an assasination attempt last week in which he was shot seven times.

Alexander Antonov was hit five times in the stomach, once in the chest and a finger was shot off as he left his home in Moscow. One of his security guards was also wounded.

His business interests include the bank which is a majority shareholder of Spyker, which manufactures its supercars in Holland.

C8 Laviolette LM85 is the road version of Spyker’s GT2 LeMans car. The Spyker C8 Laviolette LM85 will be built as a limited edition of 24 units maximum, and will be available in both left and right hand drive. Production of the LM85 commences this quarter. Read the rest of this entry »

……..At the opening Spyker chief Victor Muller said the dramatic Spyker-Zagato C12 concept – on display in Broughton’s new high-end outlet – would be making it into production. Due in 2010, only 24 examples of the hypercar will be built – that’s not even one per dealer. But the UK is almost certain to get one.