/ Industry, News, Spyker / Spyker and Youngman Agree on Joint Ventures

Spyker and Youngman Agree on Joint Ventures

Linked In Share
Spyker and Youngman Agree on Joint Ventures

Spyker and Chinese Youngman Group agreed to make a joint venture to manufacture a new super SUV and sedans based on Saab’s Phoenix platform.

The new SUV is expected to reach showrooms by the end of 2014, but the companies gave no timeline for the Phoenix-based sedan. Youngman said it will invest 10 million euro in Spyker, from which 7 million will be used for stock shares constituting 29.9% of the supercar automaker, while the other 3 million represent a loan for Spyker. Youngman has already bought 46 million shares for 2.3 million euro.

The Spyker P2P joint venture will be 25% owned by Spyker and 75% by Youngman, which will also offer most of the cash for the operation. Spyker will offer its technology and the platform for the SUV, which will resemble the Spyker D8 Peking-to-Paris concept, but it will be manufactured on a unique aluminum spaceframe. The model will go on sale in late 2014 for around $250,000.

The Saab-based sedans will be manufactured by a second joint venture called Spyker Phoenix, which will 80% owned by Youngman, which bought the rights for the Phoenix platform in 2011. Spyker announced that this new venture will build a full range of premium car models based on the Phoenix platform.

by Ana Cezara Savin (my Google+) - Friday, December 7th, 2012 - filed under Industry, News, Spyker. Image credit: .
Linked In Share
Related Articles
joint ventures phoenix Saab Spyker youngman


Discuss: Spyker and Youngman Agree on Joint Ventures

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Reports link Brawn, Costa, Bottas with Ferrari
Reports link Brawn, Costa, Bottas with FerrariNov.23 (GMM/Inautonews.com) The latest names linked with Ferrari are Ross Brawn and Valtteri Bottas. On Saturday, reports ...
Alonso hits back after Mattiacci jibes
Alonso hits back after Mattiacci jibesNov.23 (GMM/Inautonews.com) Fernando Alonso has lashed back at Marco Mattiacci for questioning his commitment and ...
Ecclestone ready to ‘tear up’ income contracts
Ecclestone ready to ‘tear up’ income contractsNov.23 (GMM/Inautonews.com) Bernie Ecclestone on Saturday said he is prepared to "tear up" contracts and start again, as the ...
Magnussen can be Danish ‘sporting legend’ – Dennis
Magnussen can be Danish ‘sporting legend’ – DennisNov.23 (GMM/Inautonews.com) A new name "might" have leapt into contention to become Fernando Alonso's teammate at McLaren-Honda ...
Red Bull still blocking Vettel’s Ferrari test
Red Bull still blocking Vettel’s Ferrari testNov.23 (GMM/Inautonews.com) Sebastian Vettel has hit out at Red Bull for blocking him from making his Ferrari test debut next ...
Rosberg’s mind games reach title zenith on Sunday
Rosberg’s mind games reach title zenith on SundayNov.23 (GMM/Inautonews.com) Nico Rosberg has been busily playing the psychological game this weekend as he clings to his world ...
Force India finally confirms Perez for 2015
Force India finally confirms Perez for 2015Nov.23 (GMM/Inautonews.com) Force India on Saturday finally confirmed that Sergio Perez is staying at the team in 2015. The ...
Vergne set for Toro Rosso exit – reports
Vergne set for Toro Rosso exit – reportsNov.23 (GMM/Inautonews.com) Jean-Eric Vergne appears to have missed out on a Toro Rosso seat for 2015. Prior to Sebastian ...
Newey says ‘all’ F1 cars’ front wings flexing
Newey says ‘all’ F1 cars’ front wings flexingNov.23 (GMM/Inautonews.com) Red Bull cried foul on Saturday after its cars were disqualified from qualifying in Abu ...
Angry teams happier after Mackenzie meeting
Angry teams happier after Mackenzie meetingNov.22 (GMM/Inautonews.com) F1's three angry teams seemed slightly less angry on Saturday after a meeting with Donald ...
Marlboro chief to replace Ferrari boss Mattiacci
Marlboro chief to replace Ferrari boss MattiacciNov.22 (GMM/Inautonews.com) After just seven months in the job, Marco Mattiacci is set to lose his role as Ferrari team ...
No Force India seat for GP2 champion Palmer
No Force India seat for GP2 champion PalmerNov.22 (GMM/Inautonews.com) Force India has played down Jolyon Palmer's hopes of moving into formula one next year. With Sergio ...
Caterham may use 2014 engine next year
Caterham may use 2014 engine next yearNov.22 (GMM/Inautonews.com) Caterham may have to use a 2014 engine if it is to make it onto next year's F1 grid. The sport is ...
Red Bull wants louder, cheaper V6 power for F1
Red Bull wants louder, cheaper V6 power for F1Nov.22 (GMM/Inautonews.com) Red Bull has proposed a new engine formula for the sport. Struggling with Renault power all season, ...
Big chance of showdown crash in Abu Dhabi – Lauda
Big chance of showdown crash in Abu Dhabi – LaudaNov.22 (GMM/Inautonews.com) Niki Lauda has admitted it is possible Sunday's championship showdown will end with a ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

hyundai-i10-sound-edition 1
Spy-Shots of Cars
Kia Sorento X-Men 1
Spy-Shots of Cars
Mercedes-Benz A45 AMG Mcchip-dkr tuning 1
i1bbnfrwvqetvg-1
audi a9 render 1
Audi A8 abt sportsline tuning 1
2016 Acura ILX 1
2016 Fiat 500X united states 1
Galpin Auto Sports Rocket 1
2015 Holden Colorado and Colorado 7 introduced 1

More automotive from inautonews
Hyundai has announced the official starting price of the new i10 Sound Edition, across the Old Continent. The Hyundai i10 has received a special edition in Europe. This has been dubbed the i10 Sound Edition and it is currently available for order, from 12,850 euros, but if the range topper is what ...
read more
Inautonews Editors Section
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...
Test Drive: Mercedes-Benz SL400
Test Drive: Mercedes-Benz SL400 The Mercedes-Benz SL is currently in its sixth generation and since the company has released a new entry-level, the SL400, which is basically the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety US: FCA CEO cautioned by the NHTSA over Jeep recallThe US government auto safety regulator specifically told Chrysler Group LLC Chief Executive Sergio ... US: Honda acknowledges it failed to comply with US law on Takata airbag issueThe Japanese automaker Honda Motor – the largest client of auto safety parts maker Takata Corp. ...
Safety Section