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Car and Driver reports that both Spyker and Youngman will also create a company called Spyker Phoenix to produce a line of luxury cars using the Phoenix technology and platform – a project Saab had been working on before the brand collapsed last year. These cars are expected to be manufactured in China.
While Spyker enters into these plans with Youngman, it is also suing Saab GM for $3 billion in relation to the brand’s demise. Spyker itself has little to bring to a new venture, and as Youngman has outsourced vehicle development to Lotus in the past, the experts are wondering just how this collaboration will work out.