Spyker And Youngman Partner To Reignite Stalled Model Plans

A new partnership between Swedish sports car maker Spyker and Chinese carmaker Youngman is set to resurrect at least two dormant projects.

The two names have been linked previously, with Youngman launching two failed attempts at purchasing the formerly Spyker-owned Saab brand in the past 12 months.

This new union will initially consist of a €10 million (AU$12 million) investment from Youngman, which will be divided between Spyker shares and loaned funds.

A second stage of investment will see Youngman contribute a further €25 million (AU$30 million) to secure a 75 percent stake in the venture.

The remaining 25 percent will belong to Spyker, who will contribute the intellectual property behind its 2006 D12 Peking-to-Paris concept and other trademarks in lieu of cash.

This second stage will form a venture named Spyker P2P (Peking-to-Paris), with the intention of developing a production version of the luxury SUV concept.

The Swedish brand’s founder, Victor Muller, confirmed in April that he has sought investors to develop the Peking-to-Paris.