It appears Spyker is strengthen its ties and carmaking ability with Chinese carmaker Youngman. This comes in the wake of the brand's latest dealings with a $3 billion lawsuit against General Motors regarding the demise of Saab.

Youngman is reportedly investing €10,000,000 ($12.5M USD) for a 29.9-percent stake in the company. The shares are being sold for €0.05 (6.3 cents) each, representing a fully diluted share. Youngman has said it will not take on more than the 29.9-percent stake.

Additionally, Youngman will invest €25,000,000 ($31M) for the development of an all-new Spyker vehicle, called the D8 P2P, named for the Peking-to-Paris rally. The vehicle had been shown as a concept by Spyker previously, but things had been quiet since then. It appears Spyker will now build the uniquely styled D8 Concept shown above. The vehicle is to launch at the end of 2014 and carry a price of $250,000 per vehicle.

It also appears a second car range will be built, based on the Phoenix platform. Though Saab may have, for all intents and purposes, gone under, Spyker has transferred the licensing rights of the Phoenix platform (the architecture that was to underpin the next 9-3) to... itself. According to Youngman's CEO Pang Qingnian, "We have felt all along that a cooperation with Spyker had to be pursued, even after we both unjustifiably lost the opportunity to restructure Saab," he continued, "with this agreement, many of our original intentions with the Saab brand will take shape."

So while we continue to see the developments of Spyker's relationship with the Chinese automaker, it will be interesting to see just what vehicles develop under this deal – both for the Spyker brand as well as for Youngman.

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    • 1 Second Ago
      • 2 Years Ago
      Wow that thing looks ugly. The proportions are just all sorts of wrong. You'd think Spyker could do better.
      • 2 Years Ago
      Youngman, there's no need to feel down I said Youngman, pick yourself off the ground I said Youngman, 'cause your in a new town There's no need to be unhappy Youngman, there's a place you can go I said Youngman, when you're short on your dough You can stay there and I'm sure you will find Many ways to have a good time It's fun to stay at the Y.M.C.A It's fun to stay at the Y.M.C.A They have everything for young men to enjoy You can hang out with all the boys
      • 2 Years Ago
      They were so concerned about if they could, but they didn't stop to think about if they should.
      Mohammed Smith
      • 2 Years Ago
      Will they come with paper bags to put over the driver's head?
      • 2 Years Ago
      Dan Germouse
      • 2 Years Ago
      I just sicked in my mouth- make it go away!
      • 2 Years Ago
      Kill this, resuscitate Saab...Kill this now
      Cool people
      • 2 Years Ago
      When you remove the butt plug does it fly away.... Funniest thing I have ever seen on wheels. Like a cartoon..
      Jonathan Ippolito
      • 2 Years Ago
      Will it come with lead paint and asbestos like Chinese cars are known for ? Could they make this SUV or whatever this eyesore is any uglier ? What kind of motor will Spyker put in future models since their contract with Audi is over now and their plan to us GM motors is never going to happen thanks to their lawsuit ?
      john m
      • 2 Years Ago
      UGLY!!! $250k for this??? It looks like it was built in the 1950's....
      • 2 Years Ago
      Oh sweet Jesus. WTH is that thing?! Make it go away, that thing almost requires a NSFW tag!
      • 2 Years Ago
      Kill it...kill it with FIRE!!!
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