Skip advert
Advertisement

Spyker and Youngman enter partnership

Spyker has entered into a partnership with Chinese car manufacturer Youngman, which will build cars on the Saab Phoenix platform

Following the demise of Saab, Spyker has formally entered into a partnership with the Chinese car manufacturer Youngman - which has bought a 29.9 percent stake in the Dutch company for a reported €10m (£7,900,000).

Spyker owns the rights to use the Saab-developed Phoenix platform, which would have underpinned the next generation 9-3. Spyker and Youngman intend to continue development of a new luxury model range - without use of the Saab name.

Advertisement - Article continues below

Spyker CEO Victor Muller has stated that cars based on the new platform will begin production in China and Europe after about two years. The new model range, currently called ‘Spyker Phoenix’, will be much more upmarket than previous Saab models and according to Muller ‘It will be much more of a Spyker, with some Saab traits’.

This move follows Spyker’s £1.7bn US lawsuit against General Motors over allegations that its unlawful actions stopped the company from securing much-needed investment before it went into liquidation.

Youngman has also invested a further €25m into Spyker, to fund the development of the D8 P2P, a luxury SUV concept that made its first appearance in 2006 as the D12 P2P concept.

Skip advert
Advertisement
Skip advert
Advertisement

Most Popular

Audi RS3 v Toyota GR Yaris v Mercedes-AMG A45 S – car pictures of the week
Hot hatch test
Features

Audi RS3 v Toyota GR Yaris v Mercedes-AMG A45 S – car pictures of the week

In the latest issue of evo, we test three of the most sophisticated hot hatches on sale against each other on road and track – these are our favourite…
29 Mar 2025
Honda Civic Type R (FN2) – the car world's greatest misses
Honda Civic Type R FN2
Features

Honda Civic Type R (FN2) – the car world's greatest misses

Its lineage contains some hot hatch greats, but the late-noughties Civic wasn’t one of them
26 Mar 2025
Performance Link Mazda MX-5 R300 review – an MX-5 with Honda VTEC power
Performance Link Mazda MX-5 R300 – front
Reviews

Performance Link Mazda MX-5 R300 review – an MX-5 with Honda VTEC power

A screaming 296bhp Honda VTEC engine and a full chassis upgrade package turn the NC-generation Mazda MX-5 into something altogether more thrilling
25 Mar 2025