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.

Subscribe to evo magazine

evo is 21 and to celebrate, we're returning to 1998 prices! Subscribe now to SAVE 39% on the shop price and get evo for its original cover price of £3.00 an issue, plus get a FREE gift worth £25!

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.

Advertisement - Article continues below

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.


Most Popular

Toyota Yaris

Toyota GR Yaris revealed in full – return of the homologation special

One of most sought after hot hatchbacks of 2020 has finally been revealed: the Toyota GR Yaris
10 Jan 2020
Honda Civic Type-R

New 2020 Honda Civic Type R makes debut at Tokyo Auto Salon

Honda has released the first images of the revised Civic Type R that’s being shown for the first time in Tokyo
10 Jan 2020

BMW X3 M 2020 review – the right ingredients in a very wrong package

The first BMW X3 M previews the next BMW M3’s all-new powertrain, let's hope it doesn’t preview anything else
8 Jan 2020
Hyundai i30 N

Hyundai i30 Fastback N versus the Nurburgring

We brought the Hyundai i30 Fastback back to its spiritual home in Germany's Eifel mountains, where there is a racing track you might well have heard o…
7 Oct 2019