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Spyker, Youngman agree on joint venture
Thu, 06 Dec 2012Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.
Lincoln is promised a unique line
Mon, 17 Jan 2011Lincoln vehicles will be dramatically different from Ford brand products, Ford Motor Co. executives said last week. "The strategy isn't just new products, but full differentiation from the Ford brand in not only design but in technology," Derrick Kuzak, Ford's group vice president of global product development, told a group of auto analysts at the Detroit auto show.
VW boss Bernhard quits
Fri, 12 Jan 2007By Tim Pollard Motor Industry 12 January 2007 09:57 Volkswagen boss Wolfgang Bernhard has quit the company as part of a shake-up at Europe's biggest car maker. The news comes as little surprise after months of uncertainty and change at the top of VW. Bernhard built a reputation as an abrasive operator in his short stint as CEO of the Wolfsburg company and had numerous confrontations with unions as he pushed through more modern working practices.