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

Honda Civic Type R for £5k off – save 10 per cent on the ultimate hot hatch
Honda Civic Type R deal
News

Honda Civic Type R for £5k off – save 10 per cent on the ultimate hot hatch

The Civic Type R is not long for this world and there are deals to be had on Honda’s pricey but near-perfect hot hatch
26 Jun 2025
Can Lotus survive its latest crisis?
Lotus factory
Opinion

Can Lotus survive its latest crisis?

Lotus’s latest troubles are grabbing headlines, but the writing’s been on the wall for some time.
28 Jun 2025
Iconic cars of the 1990s driven, from Renault Clio 16v to Ferrari 355 – car pictures of the week
evo eras 1990s
Features

Iconic cars of the 1990s driven, from Renault Clio 16v to Ferrari 355 – car pictures of the week

In the latest issue of evo magazine, we go back to the 1990s on the finest Welsh roads with a selection of iconic youngtimers
27 Jun 2025