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

The new Toyota GR Yaris costs £44,250 – too much for a hot supermini?
Toyota GR Yaris Gen 2 – front
News

The new Toyota GR Yaris costs £44,250 – too much for a hot supermini?

Our early impressions of the Gen 2 GR Yaris suggest that it’s an improvement in every area that counts, but can it be worth £18k more than an i20 N?
27 Mar 2024
The new Mercedes-AMG G63 has arrived, and it still has a V8
Mercedes-AMG G63
News

The new Mercedes-AMG G63 has arrived, and it still has a V8

Some of Affalterbach’s range-toppers are swapping eight cylinders for four, but the AMG G-class retains its V8 for 2024
26 Mar 2024
Land Rover Defender OCTA: twin-turbo V8 and McLaren-style suspension tech for hot off-roader
Land Rover Defender OCTA – front
News

Land Rover Defender OCTA: twin-turbo V8 and McLaren-style suspension tech for hot off-roader

The OCTA promises to be the fastest, toughest and most capable Defender yet when it launches later this year
26 Mar 2024