Netherlands: Youngman to take 29.9% interest in Spyker

Spyker Cars has announced that Spyker, Saab Automobile, Pang Da Automobile Trade and Zhejiang Youngman Lotus Automobile have signed a non-binding memorandum of understanding (MOU). The MOU includes an equity participation totalling about €245m (US$351.3m) as well as a strategic alliance consisting of a distribution joint venture and a manufacturing Subscribe to Automotive World to … Continued

• By Webmaster
• June 13, 2011