Showing posts with label Spyker. Show all posts
Showing posts with label Spyker. Show all posts

Wednesday, June 15, 2011

Vladimir Antonov Withdraws Proposal to Buy and Leaseback Saab Property


The ink has barely dried on Saab’s latest attempt to form a preliminary deal with China’s Pang Da Automobile and Youngman, and the Swedish company is faced with yet another problem as Russian investor Vladimir Antonov has withdrawn his proposal to buy and leaseback Saab property.
"The property sale is now being discussed with external investors," said Lars Carlstrom, Antonov's representative in Sweden. However, Carlstrom noted that the Russian banker was still interested in becoming a shareholder in Saab’s parent company Spyker Cars NV.

Monday, June 13, 2011

Saab Signs Three-Way Deal with China’s Pang Da and Zhejiang Youngman Lotus Automobile


Lately, it seems whenever there’s a problem with production at Saab’s Trollhattan plant, the Swedish automaker’s parent company Spyker Cars N.V. announces a new deal with a Chinese company.
Today, Spyker signed a non-binding memorandum of understanding (MOU) with two Chinese firms, Pang Da Automobile Trade Co., Ltd (Pang Da) and Zhejiang Youngman Lotus Automobile Co., Ltd. (Youngman), which if approved by regulators, could see the company falling into the control of Chinese hands. We'll remind you that Saab had previously signed a deal Chinese firm Hawtai but it failed to go through Chinese regulators.

Thursday, June 9, 2011

Saab Temporarily Suspends Production Again while it Seeks Parts


The on-off production drama over at Saab’s Trollhättan facility in Sweden continues as the troubled automaker said Wednesday that it temporarily halted production due to a lack of components from its suppliers only two weeks after resuming making cars following a seven-week shutdown.
Saab said that it anticipated production hiccups in the start-up phase, as the supply chain still is not fully operational with some suppliers holding back until they get paid and others trying to re-stock.

Monday, May 16, 2011

2011 Spyker Sport Cars C8 Laviotte Special Edition

2011 Spyker Sport Cars C8 Laviotte Special Edition
Now, Spyker bringing new edition specifically for China is 2011 Spyker Sport Cars C8 Laviotte Special Edition was released in 2011 Shanghai Motor Show. And More companies are developing special editions for the Chinese market.
2011 Spyker Sport Cars C8 Laviotte Special Edition
Not many details have been revealed about the C8 Laviolette Special Edition, but it will be offered in a unique orange finish for around a price of 4.8 million yuan or about $ 735,000 with the current exchange rate.
2011 Spyker Sport Cars C8 Laviotte Special Edition for China to have an orange body color combined with decorative red flag, white and blue. In the body and external parts such as mirrors, beautiful inlets and wheels, all built from the best aluminum material.
2011 Spyker Sport Cars C8 Laviotte Special Edition
This is all in line with 2011 Spyker Sport Car interest in the Chinese market, having produced a road-legal version of their GT2 just for China. In addition, Spyker has also announced previously that it would be building a China-specific sedan in hopes of converting China to their second largest market, behind the United States. Another special edition vehicle will surely help those efforts.
2011 Spyker Sport Cars C8 Laviotte Special Edition
Impressive features of this 2011 Spyker Sport Cars C8 Laviotte Special Edition is a 4.2 liter V8 engine capable of delivering a total output of 500 HP increased from 400 HP common with six-speed manual gearbox.

Saab Eyes Another Chinese Savior, Signs MoU with Pang Da Automobile Trade Co.


For the second time this month, and shortly after the break up in talks with the Hawtai Motor Group, Saab’s parent company Spyker Cars N.V. today announced that it has signed a Memorandum of Understanding (MoU) with a new Chinese company to provide fresh funds for the deeply troubled Swedish automaker. This time Spyker signed a tentative finance and import deal with Pang Da Automobile Trade Co., Ltd (Pang Da), said to be China’s largest publicly traded automobile distributor with over 1100 dealerships in the country.

Thursday, May 12, 2011

Saab’s Deal with China’s Hawtai Motors Collapses, Future Once Again Uncertain


Another day, another deal gone sour for Saab and its parent company Spyker Cars N.V. Today, less than two weeks after Saab announced an agreement with China’s Hawtai Motor Group that would have invested €150 million (US$215 million) into the company in exchange for a 30% stake, Spyker said that the deal has fallen through raising new doubts about the Swedish brand’s future.
“Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect,” Spyker said in a statement.

Wednesday, May 11, 2011

Saab Boss Victor Muller Hints at US and EU Distribution of China's Hawtai Cars, Says Buyers Won’t Care about Safety


The ink on the deal / partnership between Saab and China’s Hawtai Motor Group has barely dried, but the Swedish automaker's chairman and Spyker CEO, Victor Muller is already making headlines again by hinting at the distribution of cheap Chinese cars in the United States, Europe and elsewhere through Saab’s established global network.

"We laughed when the Japanese came. We laughed when the Koreans came. But we will not be laughing when the Chinese come. The Chinese are like a steamroller,” said Victor Muller, during a press event in Washington, D.C.
Muller said that if an agreement is reached with Hawtai, the Chinese maker could make use of Saab’s distribution network to sell its cars globally.
"It took 67 years to build up our dealer network. It is the biggest asset not on our asset sheet, and these guys buy into it for free. If they make the proper cars, can you image how much simpler it will be to push product through the distribution network that is already there? It is like a railway network that is already there," said Muller.

Tuesday, May 3, 2011

Saab Details Partnership with China’s Hawtai Motor Group


In his attempt to save Saab- again, and after having secured short-term cash of €30 million (US$44.6 million), Spyker Car N.V. CEO Victor Muller’s next move was to sign a strategic partnership with China’s Hawtai Motor Group. Under the agreement, Saab will receive a €150 million (US$222.5 million) cash injection while the two companies will form joint ventures for manufacturing, technology and distribution.

As a part of the deal, China’s Hawtai will invest €120 million (US$178 million) for up to a maximum of a 29.9 percent equity stake in Spyker on a fully diluted basis. Τhe remaining €30 million will be in the form of a convertible loan agreement with a 6 month maturity, an interest rate of 7% per annum and a conversion price of €4.88 per share.

Monday, May 2, 2011

Saab Announces Strategic Partnership with China’s Hawtai Motor Group, Secures New $30 Million Loan


Spyker Cars NV and Saab president Victor Muller is pulling all the strings to kick start the Swedish automaker back into life after the company hit a cash crunch and was forced to halt production last month as suppliers refused to send parts citing lack of payment.
After an earlier announcement on the involvement of Russian banker Vladimir Antonov, who plans to invest €30 million in Saab’s parent company Spyker in return for a 29.9 percent stake, Muller hit twice today revealing that the company has secured a €30 million convertible loan from Gemini Investment Fund Ltd, while also announcing a new partnership with China’s relatively unknown, Hawtai Motor Group.

Thursday, November 25, 2010

2010 Spyker Sport Cars C8 Aileron Spyder

2010 Spyker Sport Cars C8 Aileron Spyder
Today introduced the first prototype of the Spyder version of its all-new second-generation sports cars, the Spyker C8 Aileron. Spyker Cars, manufacturer of exclusive, hand-crafted sports cars since 2000. The 2010 Spyker Sport Cars C8 Aileron Spyder was unveiled at the Spyker lounge on Peter Hay Hill on Saturday, and subsequently displayed on the concept lawn at the 59th Pebble Beach Concours d'Elegance on Sunday.
Zeewolde, The Netherlands (4 November 2010) – The Spyker C8 Aileron Spyder concept makes its UK debut today at MPH The Prestige and Performance Motor Show at Earls Court in London. For the first time, British motoring enthusiasts visiting the annual celebration of performance motoring will be able to lay their eyes on one of the most exclusive cars in the world.
2010 Spyker Sport Cars C8 Aileron Spyder
The Spyker C8 Aileron is an advanced mid-engine, two-seat sports cars, featuring a longer wheelbase than Spyker's existing sports cars, the C8 Laviolette and convertible C8 Spyder. The Spyker C8 Aileron Spyder sports a high-quality, semi-automatic canvas soft-top. The roof's operation is electric/hydraulic, secured by one central latch operated manually.
The 2010 Spyker Sport Cars C8 Aileron Spyder uses the Audi 4.2 litre V8 engine, delivering 400 bhp and is available with two transmission alternatives. The first one is a 6-speed Getrag manual gearbox, with ratios perfectly matched to the V8 engine. A ZF 6-speed automatic gearbox is optional, which comes standard with paddle shifts behind the steering wheel. Both transmissions retain Spyker's trademark exposed gear change mechanism.
2010 Spyker Sport Cars C8 Aileron Spyder
The 2010 Spyker Sport Cars C8 Aileron Spyder features an all-aluminium V8 engine producing 400 bhp and generating 354 lbs of torque at 3,400 rpm. The engine is paired to a manual six-speed gearbox, driving the rear wheels via a limited slip differential. For the first time, Spyker is offering an optional automatic transmission on the C8 Aileron. The Aileron delivers a top speed of 300km/h (187 mph) and accelerates from standstill to 60 mph in a mere 4.5 seconds.
The 2010 Spyker Sport Cars C8 Aileron Spyder is fitted with a brand new front and rear independent double-wishbone suspension system developed by Lotus. The new suspension system includes a new kinematic layout of the front and rear suspension, front and rear stabilizer bars, mono-tube dampers, coil over damper steel springs, anti-dive and anti-squat setup for improved handling properties.
2010 Spyker Sport Cars C8 Aileron Spyder
All Kharma sound systems are developed, assembled and tested in the Netherlands, with the utmost care by a team of highly engaged specialists. These characteristics of high-quality products and exclusiveness are fully in line with Spyker's brand values of craftsmanship and exclusivity.
Spyker Cars has announced the development of a C8 Spyder convertible spoiler at the Geneva Salon in March, at the launch of the 2010 Spyker Sport Cars C8 Aileron Spyder version of the series. The car is now the first prototype for the convertible model, the production in the first half of 2010 will begin.
The Spyker C8 Aileron comes with an unlimited 3-year manufacturer's warranty. Price: $210,000.
2010 Spyker Sport Cars C8 Aileron Spyder
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