Tag Archives: spyker

Spyker Plans for B6 Venator Concept Production in 2014

Dutch automaker Spyker N.V. showed its B6 Venator Concept, at the 83rd Geneva International Motor Show today. The ultra expensive gambit to revive the slumping company is a compact, 2-door mid-engine sports car. Currently Spyker sells the C8 Aileron, limited production 400 horsepower super coupe. Continue reading

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Chinese Automaker Zhejiang Youngman to Buy 29.9% of Spyker

Chinese automaker Zhejiang Youngman will invest Euro €10 million in Spyker and take 29.9% holding of the company. A series of transactions starting next week will involve the purchase of 6.7 million Class A shares of Spyker at €0.05 per, as well as a loan of roughly €3.3 million to the Dutch company. Two new joint ventures to develop and manufacture Saab based vehicles will also being formed. In a statement issued this morning, Youngman said it will not increase its position further and has no intention of taking over Spyker – but that depends on which company you are looking at. Continue reading

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Spyker Sues GM For $3 Billion Over Blocking Saab Sale to Chinese

In what could be viewed as the legal equivalent of a Hail Mary pass, Dutch automaker Spyker filed suit against GM in Detroit yesterday, alleging that GM forced the Swedish brand Saab into bankruptcy and then blocked a sale of the company to Chinese investors, which would have ensured its survival. Continue reading

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Saab Files for Bankruptcy. It’s All Over Except for Mourning

The end of Saab was practically assured last Saturday when General Motors reiterated a long-standing position against Saab transferring GM intellectual property to the Chinese and having Chinese companies build a rebadged Cadillac SRX as a Saab in China. GM is the largest automaker in China, albeit with communist government dictated partners. Continue reading

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