RE: Coventry Company Buys Out Spyker

RE: Coventry Company Buys Out Spyker

Friday 25th February 2011

Coventry Company Buys Out Spyker

Dutch supercar maker is now fully in British hands



Britain has a new supercar manufacturer to call its own today as Coventry-based CPP has announced a deal to buy the Spyker sports car brand.

Coachbuilder CPP Global Holdings has signed a Memorandum of Understanding to acquire the assets of the Spyker luxury sports car company from Spyker Cars N.V. - the Dutch holding company that currently operates the Spyker and Saab Automobile businesses - for 32 million euros (£27m).

CPP has produced chassis and body panels for Spyker since the brand's resurrection in 2000 and, in 2009, signed an agreement with Spyker to build the C8 Aileron (which will now get a Corvette-sourced V8) and all future Spyker models in their entirety at a new facility in Coventry.

"This acquisition is very positive news for everyone connected to Spyker," says Brendan O'Toole, Managing Director of CPP Global Holdings. "We're absolutely confident that independent ownership will enable us to rapidly progress an invigorated business plan, to which CPP is fully committed.

"Production of the new Spyker flagship supercar, the C8 Aileron, is progressing well and we are ramping up production of customer cars at our new purpose-built facility in Coventry. We have well-developed plans to expand the product range further, and the future for the Spyker brand is incredibly exciting."

The deal doesn't include the acquisition of the rather larger car maker Saab, however - that still belongs to Spyker Cars N.V.

Author
Discussion

TheCoolerKing

Original Poster:

347 posts

163 months

Thursday 24th February 2011
quotequote all
Next year in German ownershipbiglaugh

TheCoolerKing

Original Poster:

347 posts

163 months

Thursday 24th February 2011
quotequote all
Escort Si-130 said:
I agree, seems the biritsh only do well in building houses,
There's not a right lot of that going on at the momentlaugh

TheCoolerKing

Original Poster:

347 posts

163 months

Thursday 24th February 2011
quotequote all
XJ40 said:
Whatever happened to TVR anyway, is there still a company out there with the name?
Start new thread,this simple question would go on for weekslaugh

TheCoolerKing

Original Poster:

347 posts

163 months

Sunday 27th February 2011
quotequote all
DonkeyApple said:
Don't forget though that Europe doesn't have as many feckless turds living the dream as we do.

If Saab stuck some tango'd we or ball kicking skuzzer in the car then it's UK sales would go through the roof. Just so long as they had a nice looking finance deal for the morons.
Wouldn't it be far better to put a stop to the feckless turds peddling the dream to us in the first place.

TheCoolerKing

Original Poster:

347 posts

163 months

Sunday 27th February 2011
quotequote all
The Hypno-Toad said:


Right, kids?
Interesting comment from a closet Daily Mail readerbiglaugh

TheCoolerKing

Original Poster:

347 posts

163 months

Sunday 27th February 2011
quotequote all
The Hypno-Toad said:
biglaugh

I only look at the Soovy for a laugh tbh. No paper really projects my own political viewpoint.

I think your comment from earlier does have some validity though and as we go deeper into this depression, which I is what I think we are now or about to be in, driving a new reg Audi or BMW will become a badge of "Look, look it isn't affecting me,"
I know its the politics of jealousy & envy and of course people need to spend their money in exactly the way that they want but I see problems ahead. If I was buying one of those cars now I would also be investing in a bodyshop because I can see a lot of keying going on in the coming months.
& of course I don't think its justified but very soon people are going to start looking for scapegoats and for people to blame. Its the way human nature works.
I take your point and believe me the incompetence of the finance sector affects me just as much as anyone else. Its so easy to have go at bankers they are easy targets and most of the ones on here could do with being taken down a peg or two,laugh but to keep the thread on track. The basic problem with the Spyker thing is deals are done and hard working skilled folk are made to pay the price. Sure that's business but try telling that to the guy who is now facing unemployment. I'm not optimistic about a British sports car industry, history tells us once you take control away from the UK the company has a chance of survival.

TheCoolerKing

Original Poster:

347 posts

163 months

Sunday 27th February 2011
quotequote all
Driller said:
No it's not, it's supply being created to meet a stupid demand created by brainwashing the public with aggressive lying marketing. smile
Pretty muchlaugh