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Spyker, Youngman agree on joint venture
Thu, 06 Dec 2012Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.
Volkswagen XL1: Geneva Motor Show 2013
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Who's Where: Toyota design chief moves to head-up Yamaha design
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