Monday, August 27, 2012

Chinese Company Sort-Of Buys Spyker, Will Build $250,000 Luxury SUV

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Just a year ago, a group of investors headquartered in Greenwich, Connecticut, bought Spyker. Today, the Dutch company that once called itself an automaker—sales are in the low double-digits, if that—announced the start of a joint venture with a former suitor for Saab, a Chinese carmaker called Youngman. If you drill down through the companies’ statement, though, this looks more like a purchase than a joint venture. At least there are plans to build a quarter-million-dollar Spyker SUV.  Read full story »

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