Even as it moves ahead with a court suit seeking $3 billion from General Motors, Dutch-based Spyker Cars sees a bright future – in China.
Spyker – which ultimately lost its bid to save the struggling Swedish carmaker, Saab – is firming up its ties with China’s Zhejiang Lotus Youngman. Youngman was one of several Chinese automakers that had hoped to partner with Saab before it was forced to liquidate late last year.
If it’s difficult to keep up with all the players, here’s the scorecard:
Spyker was a small Dutch supercar company run by entrepreneur Victor Muller. In a bold – some would say ill-conceived – move, Spyker purchased Saab from General Motors in early 2010. But the bid was severely underfunded and by March 2011, Saab’s unpaid suppliers began to boycott the firm. That triggered a shutdown of the maker’s Trollhattan assembly plant and a cascading series of setbacks.