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Midland deal is Spyked as supercar plan falls through.

Hopes that a deal could be struck to see pounds 175,000 Spyker supercars made in the West Midlands have been dashed after a deal collapsed.

Coventry-based CPP Global Holdings had an option to buy Dutch supercar firm from Swedish Automobile - which was itself planning to buy Saab.

However both deals have since failed to materialise and Swedish Automobile has now confirmed it plans to make Spykers in Holland, not Coventry.

This comes after CPP Global Holdings sold its CPP Manufacturing arm out of administration to fellow Coventry-based business Envisage Group.

A release from Swedish Automobile states: "As a result of the situation which arose due to CPP's administration it has been decided to assemble Spyker C8 Ailerons in the facility in Zeewolde, The Netherlands, rather than in the UK."

Envisage has launched a new company, Envisage CPP, meaning that more than 100 jobs have been retained at the former CPP head office on the Seven Stars Industrial Estate.

New Aston Martin unveiled: page 10

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The C8 Aileron was to have been built in Coventry
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Publication:The Birmingham Post (England)
Geographic Code:4EUUK
Date:Mar 8, 2012
Words:177
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