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spyker

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

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    Report: GM granted 30-day extension on Spyker's Saab-related lawsuit
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    General Motors has asked for more time to reply to the lawsuit brought by Spyker over the Saab affair, and Spyker has agreed to extend the deadline one month until September 28. A quick refresh: Spyker has accused GM of tortious interference in Saab's dealings with the Chinese investors that ...

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    Breaking: Spyker files $3 billion lawsuit against General Motors over Saab's demise
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    "Smack." That's the sound of Spyker's process server dropping a big ol' pile of legal documents on the doorstep of The Renaissance Center, home of General Motors – or wherever GM's attorneys live during business hours. Contained therein is a Complaint, filed in the U.S. District Court for ...

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    Report: China's Youngman bails on Saab, Mahindra still in the mix
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    Zhejiang Youngman Lotus Automobile has been jettisoned from the dwindling pool of bidders for Saab after tendering an offer of $492 million for the whole kaboodle. Exact reasons weren't given for Youngman leaving the table, but according to a report in Autoweek.nl, "Chinese bureaucracy" was ...

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    Report: Muller looking to reboot Spyker
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    Victor Muller's on-again, off-again love affair with Spyker seems to be back on track. During the executive's fling with Saab, Spyker was up for sale to the highest bidder. No one stepped forward to take the exotic Dutch luxury manufacturer off of Muller's hands, which has apparently turned out ...

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    Official: Swedish Automobile changes name back to Spyker
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    What's in a name? Just ask the people at Spyker. Back in 2010, the small Dutch producer of exotic GTs bought an ailing Saab from General Motors and proceeded to focus all its energies on keeping it afloat. And as if to reflect that shift in focus, changed its name to Swedish Automobile NV ...

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    Report: Spyker considers closure as Saab parent Swedish Auto loses board members
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    Swedish Automobile NV ('Swan') continues to look to sell Dutch supercar manufacturer Spyker in the wake of the Saab bankruptcy. Swan said it will carry on with the sale despite the fact that the company's supervisory board has just abandoned the crippled enterprise. According to The Washington ...

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    Report: Swedish Automobile may be forced to liquidate even if Saab sale goes through
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    Swedish Automobile just can't seem to catch a break. Its main brand, Saab, has received government protection from creditors, looked for loans and even secured a tentative deal with Chinese automakers, but even if it manages sell the Griffin marque, Swedish Automobile may still end up getting ...

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    Breaking: Spyker sold to U.S. private equity firm
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    According to a report by the Financial Times, Spyker Cars has been offloaded to a Connecticut-based private equity firm after a deal to sell the supercar manufacturer to another set of investors failed a few months back. North Street Capital, LP is the supposed new owner of Spyker, which Saab ...

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    Report: Saab to file for protection from creditors
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    To say that Saab has had a rough 2011 would be one heck of an understatement. Sales are trickling slowly, the automaker's Trollhattan plant hasn't consistently produced vehicles since late April because suppliers weren't getting paid, and a failed alliance is making the Swedish automaker look ...

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    Report: Spyker CFO steps down, Saab gets big order
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    Spyker has announced that Hans Go will step down as the company's Chief Financial Officer on July 1. Automotive News reports that since the sports car manufacturer's operations are being sold to Vladimir Antonov, the Spyker group will now focus solely on Saab. Rob Schuyt is currently acting CFO ...

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    Official: Saab to restart production after six-week suspension *UPDATE
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    Six weeks have passed since Saab was forced to halt production of its 9-3 and 9-5 models in Sweden due to a lack of funds needed to pay suppliers. The automaker had hoped to get production back up and running after it agreed to a deal with Chinese automaker Hawtai Motors, but that plan was ...

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    Official: Spyker to be renamed Swedish Automobile N.V. as Pang Da talks with Chinese gov't.
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    Spyker is on a Chinese money hunt, and it appears the automaker may have found a partner willing to pony up the cash. Pang Da, a Chinese automobile distribution company, had recently entered into a memorandum of understanding with Spyker. Now, Spyker is set to rename itself Swedish Automobile ...

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    Report: Saab announces memorandum of understanding with China's Pang Da
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    To say that Saab has struggled of late would be a gross understatement. The automaker has had to fight for loans, production was halted twice due to failure to pay suppliers, and an agreement with China's Hawtai Motors was scrapped after all parties failed to agree to the terms. Then there was ...

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    Report: Great Wall Motors denies Saab talks
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    According to The Detroit News, Chinese automaker Great Wall has made it clear that the company has not been in talks with Saab over a potential partnership. After word trickled down that a $233-million deal between the Swedish automaker's parent company, Spyker, and Hawtai Motor Group imploded, ...

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    Followup: Saab on the money hunt, still in discussions with Great Wall Motor?
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    Earlier this morning came word that Saab's deal with Chinese automaker Hawtai had fallen apart. While in discussions with Hawtai, parent company Spyker was evidently also talking with another automaker located in China – Great Wall Motors. According to Reuters, those talks have apparently ...

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    Report: Saab deal with Chinese partner collapses
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    This is very bad. Remember the deal between Hawtai Motors and Saab? Collapsed. According to The Detroit News, the deal, which involved a 29.9 percent stake in Saab in exchange for $172 million, fell apart early Thursday morning. The problem was reportedly that Hawtai wasn't able to obtain all the ...

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    Report: Saab closing in on deal with Russian, Chinese investors
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    Around the same time that Ake Jonsson stepped down as chief executive of Saab, the Swedish automaker announced its expansion into the Russian and Chinese markets – a vital move if Saab is to increase its global market share. But it's not just the cars that Saab and its parent company Spyker ...

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    Saab to resume production after securing short-term loan
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    Production at Saab's Trollhättan, Sweden plant has been shut down for weeks due, as these things often are, to a lack of cash needed to pay suppliers. That should change in the next week, though, as Saab parent Spyker has announced that it has secured a convertible loan agreement with Gemini ...

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    Volvo denies talk of Saab takeover,
    Muller looking for partner in China
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    It looks like Volvo and Saab won't be teaming up to create one Swedish carmaker to rule them all. According to Reuters, Volvo has made it clear that the company has had no talks with Saab about buying the besieged automaker and that none are scheduled to take place. The Swedish newspaper De ...

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