Now CPP has announced that it has bought the famous Browns Lane site in Coventry, UK.
The site, which spans more than 100 acres in size, was previously used by Jaguar right up until 2005, but now a 23 acre portion has been solid to CPP.
Though CPP is yet to announce plans for the site, it’s believed that the company is planning to manufacture a new range of luxury SUVs for customers in markets such as China, India and Russia. There’s also a chance that the company could be readying a production version of the Spyker D12 Peking-to-Paris super-SUV, though CPP’s complete buyout of Spyker Cars has hit a snag.
Four months after the Memorandum of Understanding was signed earlier this year with Spyker Cars’ previous owner, now called Swedish Automobile, CPP suspended negotiations until Swedish Automobile’s refinancing plans had been implemented.
However, with all of Swedish Automobile’s troubles with Saab, the deal understandably is yet to be finalized.
Officially, Spyker Cars still belongs to Swedish Automobile, though CPP has already established facilities to start building models like the Spyker C8 Aileron supercar in the UK.
Stay tuned for an update.