Hopes that a deal could be struck to see £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 works facility in Zeewolde, Netherlands (where the production of Spyker’s
C8 Spyders and Laviolettes continued in the past two years) rather than in the UK.”
The Post reported in January that the Envisage Group had acquired the interests of the CPP Manufacturing Division of CPP Global Holdings.
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.
Bryan Campbell, of Envisage CPP, said the group has no dealings with the CPP Global Holdings – a totally separate entitiy to Envisage CPP – so therefore has no knowledge as to its future plans.