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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Production of the Spyker C8 Aileron moves from Holland to Coventry

Found out that there is more good news for Coventry. It looks like the home of the car industry in the UK is seeing a resurgence.

The production of the car has moved from Zeewolde in the Netherlands to Coventry, creating 40 new jobs in the city. Coventry Prototype Panels (CPP) will start producing the car on the Seven Stars Industrial Estate in Whitley. The car is expected to cost about £200,000.

The car will be powered by the GM V8 engine, the same engine in the CTS-V and the Corvette ZR1.

Check out the Smoking Tire review:

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