Spyker
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In August of 2012, Spyker filed a $3 billion lawsuit against General Motors in a U.S. District Court in Michigan, alleging that the American auto giant deliberately forced Spyker-owned Saab into bankruptcy by blocking a planned asset purchase by Chinese investor Youngman Lotus. General Motors Company [NYSE:GM] retaliated by seeking a motion to dismiss the case, which in turn was opposed by Spyker within a couple of months of the original lawsuit being filed. GM’s argument was that the deal under which it sold Saab to Spyker in 2010 allowed it (through preferred stock) to veto any new...
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Spyker Confirms B6 Venator Spyder In Financial Statement: Report
Dutch sports car manufacturer Spyker only announced production plans for its stunning B6 Venator concept car last month, but already the company is talking about a convertible version. In it its latest financial statements, Spyker is said to have made mention of a new ‘B6 Venator...
Viknesh Vijayenthiran -
Spyker Confirms The B6 Venator Is Production-Bound
When Spyker showed its B6 Venator concept at this year’s Geneva Auto Show, it was easy to write off the shapely coupe as just another design exercise from a company struggling to find its niche (and even stay afloat in a changing market). The response to the B6 Venator, however, was...
Kurt Ernst -
B6 Venator Is Just The Tip Of The Iceberg For Spyker
The new B6 Venator sports car that appeared in concept form at this week’s 2013 Geneva Motor Show is just the first of a range of new and updated models from Dutch sports car manufacturer Spyker. With its failed attempt to revitalize Saab now well behind it, Spyker is returning to its roots...
Viknesh Vijayenthiran -
Spyker B6 Venator Live Photos From Geneva Debut
Spyker is back to doing what it does best, and that’s building beautifully detailed sports cars with the performance to match their good looks. After several years of selling its C8 range of supercars, Spyker determined that what it needed was a car with the same bespoke craftsmanship and...
Viknesh Vijayenthiran -
Spyker B6 Venator Sports Car Tipped For Production In 2014
It’s been a while since Spyker launched a new model under its own brand. After all, its current--and only--model, the C8 Aileron, can trace its roots back to the C8 Spyder launched in 2000. Over the years, the Dutch sports car manufacturer has tried to branch out into more profitable areas...
Viknesh Vijayenthiran -
Spyker, the Dutch sports car manufacturer that once owned Saab, has released the first teaser image of a new sports car concept the company plans to unveil at the 2013 Geneva Motor Show on March 5. The teaser image reveals the profile of the new concept, which will be called the B6 and appears to have a deliciously retro shape to it. It’s likely to be a two-seater coupe with an engine, possibly a six-cylinder unit, mounted in a mid-engine position and powering the rear wheels. As previously reported, Spyker is considering launching a new sports car to take on entry-level versions of the...
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Saab's Phoenix Platform Lives On In New Spyker/Youngman Deal
Dutch sports car manufacturer Spyker, the former parent of bankrupt automaker Saab, has signed a definitive agreement with Chinese automaker Youngman to form new joint ventures that will be responsible for the development of a new SUV as well as a range of sedans based on Saab’s Phoenix...
Viknesh Vijayenthiran -
Spyker To Oppose GM’s Motion To Dismiss $3 Billion Lawsuit
In August of this year Dutch firm Spyker filed a $3 billion lawsuit against General Motors in a U.S. District Court in Michigan, alleging the American auto giant had deliberately forced Spyker-owned Saab into bankruptcy by blocking a planned stake purchase by Chinese investor Youngman. GM was given...
Viknesh Vijayenthiran -
Spyker And Youngman Form Partnership, Announce Radical Model Plans
Sports car manufacturer Spyker, the parent company of bankrupt automaker Saab, has announced today it has formed a new alliance with Youngman, the Chinese automaker whose attempted purchase of Saab late last year was blocked by General Motors. Under the new alliance deal, which won’t be...
Viknesh Vijayenthiran -
Spyker Seeking New Engine Supplier For C8 Aileron
As the name implies, a supercar is suppose to thrill its owner in every possible regard. While Spyker’s C8 Aileron is said to be a big improvement over the old C8, power output is still a relatively modest (by supercar standards) 405 horsepower. That’s less than you get in a new Ford...
Kurt Ernst -
Spyker Suing General Motors For $3 Billion Over Saab Bankruptcy
Spyker N.V has announced the filing of a $3 billion lawsuit against General Motors, alleging that it deliberately forced Spyker-owned Saab into bankruptcy by blocking a planned purchase from Chinese investor Youngman Lotus. GM, which owned preferred stock in Saab, objected to the deal between...
Kurt Ernst -
While the sad tale of bankrupt automaker Saab may officially be over (for now, anyway), the damage caused by its long decline may still claim another victim. Spyker Cars (which used to be called Swedish Automobile when its holdings included Saab) has admitted its future remains uncertain if talks with potential investors prove fruitless. Spyker, which builds the C8 Aileron and C8 Aileron Spyder, has long been interested in attracting investors or buyers, and previous suitors included CPP Global Holdings and North Street Capital. Both have been silent in recent months, likely waiting to see...
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Victor Muller Looking To Launch New Spykers
Following the demise of Saab, Victor Muller, the boss of Saab’s parent Swedish Automobile and the man credited with starting Dutch sports car manufacturer Spyker, has given up his ambitions of running a major international automaker and is instead focused on building exclusive sports cars...
Viknesh Vijayenthiran -
Saab's Swan Dive Puts Spyker At Risk
In a release today, Swedish Automobile N.V. ("Swan") announced the possible sale of Spyker Cars, the Dutch supercar brand that Victor Muller parlayed into a purchase of Saab in 2010 and Swan's sole remaining subsidiary. But a sale might not be possible, and Spyker could go down with the ship. If...
Nelson Ireson -
GM May Cover The Warranty On Your Saab
General Motors may step in and honor warranty coverage on Saab vehicles, but only those sold before the transfer of the brand to Spyker in February of 2010.
Kurt Ernst -
Saab Sister Brand Spyker Sold To U.S. Private Equity Firm, CPP Still Interested
It wasn't so long ago that talk of Spyker buying, and thereby saving, Saab was the hot news. Since then, the Dutch supercar company has reorganized things, keeping Saab and Spyker separate, while setting the whole thing up under the umbrella of Swedish Automobile. Things haven't gone all that well...
Nelson Ireson -
Saab Offers More Shares, Pulls Out Of Frankfurt Auto Show
Struggling Saab is offering more shares while skipping a major international auto show.
Tim Healey -
Spyker CEO Victor Muller has been busy in China negotiating a deal with Zhejian Youngman Lotus Automobile to start building Saab cars in the world’s most populous nation. You may recall that Saab already has a deal with Chinese dealer group Pang Da Automobile but now all three parties have signed a new non-binding memorandum of understanding (MoU) that will see some $350 million injected into Saab's coffers. The latest deal will see Youngman invest $195 million in Saab in return for a 29 percent in Saab’s parent company, Spyker, while Pang Da will increase its original investment...
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Saab Restarts Production, Future Remains Uncertain
Saab has a trio of decent products now in showrooms, the latest-generation 9-5, a brand new 9-4X crossover and the recently updated 9-3, although the latter is soon to be replaced by a completely redesigned model next year. But given the brand’s lack of stability over the years, including a...
Viknesh Vijayenthiran -
Saab Design Chief Castriota Named Among Most Creative In Business
Saab might be skating on thin ice, but it has a solid choreographer. Design director Jason Castriota has been named one of Fast Company magazine's 100 Most Creative People in Business and appears in the third-annual ranking in its June 2011 issue. Castriota attended Boston's Emerson College, then...
Bengt Halvorson -
Spyker Secures Deal With China’s Pangda Over Saab
Just days after it was revealed that negations with Chinese automaker Hawtai over a rescue plan for Saab had broken down, the Swedish automaker’s parent Spyker Cars has now announced that it's reached a new deal with rival Chinese firm Pangda Automobile Trade Co Ltd, one of China’s...
Viknesh Vijayenthiran -
Saab Future Still Hazy After Hawtai China Deal Crumbles
Saab began this week with a bright future and what looked like a new deal that would bring it some stability and financial security, but by the end of the week the ailing Swedish automaker seems on even shakier ground than before. Yesterday, a deal with China's Hawtai Motor Group collapsed; the...
Bengt Halvorson -
2011 Saab 9-4X Aero: First Drive
While we have truly unique vehicles like the next-generation 2013 Saab 9-3 to look forward to—or at least hope for, given the current uncertain state of Saab's future—in the meantime the Swedish automaker is subsisting on designs directly shared with its former owner, General Motors...
Bengt Halvorson