Sunday, February 27, 2011

CPP Global Holdings to buy Spyker

A few days ago I carried news about the Spyker C8 Aileron moving to Coventry from Holland. According to recent news reports, Spyker has already signed a provisional deal to sell it's sportscar arm to CPP Global Holdings for around 32m euros (approx. £27mil).

The Coventry based firm is owned Russian businessman Vladimir Antonov and employs 250 people.

As part of the deal Spyker Cars would have to change its name. This would enable the company to focus on the Saab brand.

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