Spyker sells Spyker, but keeps Saab

Spyker Cars, the Dutch supercar maker, has been sold to British-based coach-building company CPP.

The Coventry-based firm has signed a Memorandum of Understanding to pay Spyker Cars NV a total of 32 million Euros for the company, with 15 million to be paid up front, and 17 million to follow over the next six years.