Spyker cars appears to be in a bit of spot after announcing it will sell its car business to a UK company called CPP Global Holdings. This comes only a year after Spyker bought SAAB from General Motors. Strange enough they will continue owning and redeveloping SAAB while the Spyker business goes to CPP. Virtually unknown CPP has produced chassis and body panels for Spyker since the brand's re-introduction in 2000.
A price of €32 million (R312 million) has been tagged, with €15 million (R146 million) to be paid immediately after concluding the deal, and €17 million (R166 million) to be paid over 6 years.
“CPP is a world-class British coachbuilding company with a workforce of 250 highly skilled automotive specialist designers, technicians and craftsmen. It has vast experience working with global luxury car brands, by adapting standard vehicles, or undertaking full production of ultra-low volume standalone models,” says the press statement.
The all-new Spyker C8 Aileron supercar is still under development, but should be going on sale within the next few months.
Poor old SAAB
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