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CPP reacts to news of Spyker sale to North Street Capital

CPP's Brendan O'Toole & Spyker's Victor Muller - when things seemed simple The rather surprising news breaking overnight that Victor Muller has done a deal with a North American Private Equity firm – North Street Capital – to buy Spyker was something of a surprise; we still expected the deal with CPP, backed by Muller’s banker Vladimir Antonov, to conclude in an orderly fashion. So before we jumped in with a report we thought we ought to dig a bit and see what’s going on. But we’re still really none the wiser.

GM recalls 413,418 Chevrolet Cruze models to modify engine shield, prevent fires

General Motors is recalling all Chevrolet Cruzes sold in the United States for a fix aimed at preventing engine-compartment fires. GM said the recall covers 413,418 Cruzes, or all of the cars sold in the United States since the model's launch in September 2010 through May. The automaker said the recall is to modify an engine shield under the vehicle to prevent liquids from being trapped in the engine compartment, where a fire could start.

Video: Porsche previews the new 911

The lineup of debuts expected for this year's Frankfurt motor show include a redesign for the venerable Porsche 911. Now, Porsche has treated us to a little preview, courtesy of a video posted on its YouTube channel that chronicles some final validation and hot-weather testing of the next-generation 911 in Africa. You can catch glimpses of the new car's exterior and interior, as well as some driving footage.