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Spyker and Youngman sign deal, plan to build D8 SUV and Phoenix-based range

by George Kennedy (RSS feed) on Aug 27th, 2012 at 1:29PM

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... Read More

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