Saab Spyker 9+ Tribute Concept Car

Automotive designer Eduard Gray has sent in some renderings of his ideas for the first car to come from the Saab purchase of Spyker. Based near Saab headquarters in Trollhättan, Sweden, Gray believes the drawings could land him a job with the Saab Design Studio Team.


“The union of Saab and Spyker presents a unique opportunity to create a design that takes the best of each brand and distills their qualities into a single product, the designer says in his website.”


Indeed, his six drawings of the Saab Spyker 9+ Tribute shows elements of both companies. Gray calls the work "a quick expression of my optimism for the future of the brand."


Spyker lends us its supercar chassis with a mid-mounted engine and low down aerodynamics while Saab contributes with the style, character and engineering making for a design that is as pleasant to look at as it is to drive.”



Source:dubdaily

Spyker D12 Peking-to-Paris ‘SSUV’ Development On Track

Despite Spyker’s management reshuffles and purchase of Saab, the Dutch sports car company remains confident of launching several new models of its own in coming years. Already we’ve seen the introduction of the long-wheelbase C8 Aileron and C8 Aileron Spyder, but soon we may be able to add a new ‘Super Sport Utility Vehicle’ (SSUV for short) to that list in the form of the production version of 2006’s D12 Peking-to-Paris concept car.


The concept was originally launched at the Geneva motor show four years ago, but development had been put on hold in November following Spyker’s bid for Saab.
But Muller said at this year’s Geneva show that development would now be accelerated due to due to the facilities, parts and technology it has at its disposal following the Saab deal.


With this latest model, Spyker will be focusing on the East European market for the first time, as well emerging markets like China and the Middle East. Many of the roads in these markets are often in poor condition and nearly impossible to navigate with low-slung supercars, thus buyers have been demanding performance vehicles with offroad capability. One of the key reasons we’ve seen vehicles like the new X6 and the more recent Aston Martin Lagonda Concept.


Not much is known about Spyker’s new SSUV but designers have reportedly decided to change the originally planned powerplant from a Volkswagen-sourced 6.0-liter W-12 engine to something from America--with GM’s LS line of V-8s most likely on the cards, hence a possible name change to D8.


Spyker has previously said the D12 will cost £186,000.

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SPYKER PROVIDES FURTHER DETAILS ON SAAB ACQUISITION

ZEEWOLDE, The Netherlands (1 February, 2010) - In advance of the General Meeting of Spyker shareholders, to be held on 12 February 2010, and which was convened on 28 January 2010, Spyker Cars N.V. ("Spyker") provides further strategic and financial details regarding its acquisition of Saab Automobile AB ("Saab").


ACQUISITION RATIONALE AND SAAB BUSINESS PLAN

Spyker believes that through the purchase of Saab it has a rare opportunity to acquire and rebuild a global car brand which will be repositioned towards an independent performance-oriented niche car company with an industry-leading environmental strategy. Saab's brand DNA is unique and rooted in its aeronautical heritage, innovative and independent thinking and its Swedish origins. Spyker fully supports Saab's Business Plan which will be implemented by Saab management. The Business Plan, drawn up by Saab management over the past ten months, was analysed by Spyker in assistance with Booz & Co and KPMG Transaction Services, advisors to Spyker. The Business Plan has also been analysed and supported by several advisors to the Swedish Government and the EIB.

At the General Meeting, Spyker Cars N.V. intends to adopt a resolution to change its name to Saab Spyker Automobiles NV ("Saab Spyker"). This entity will operate Spyker and Saab as two separate operating companies, each focused on its distinct target markets with their respective vehicle lines. As previously stated, Saab Spyker is committed to execute the Saab Business Plan. It is the intention to enhance it in several areas. The highlights of Saab's strategy will be:

* Saab will be a stand-alone niche manufacturer with three to four model lines: 9-3 (sedan, hatchback, sports estate, X and convertible) and 9-5 (sedan, sports estate and X) and the 9-4X for both the US and European markets. In addition, Saab will investigate the potential of adding a fourth smaller car line ("9-1") in due course provided that the positive development of the smaller car segment continues. However, this model is currently not envisaged in the Business Plan so if the outcome of the investigation is positive, additional financing to develop this model could be required.

* Saab's product portfolio will be renewed completely, beginning with the launch of the new 9-5 early this summer, the new 9-4X in early 2011 and the new 'all Saab' 9-3 in 2012.

* Saab will continue to be repositioned against other brands such as Audi (A4/A6) and BMW (3/5 series) as a premium brand, leveraging its strong and unique brand heritage.

* Saab's Technical Development Center in Trollhättan has full capability in developing complete vehicles and will continue to do so. In areas such as safety, environment, driving characteristics, practicality, turbo technologies and several other innovations, the Saab brand is among the best in the industry.

* With Trollhättan as one of the most efficient mid-size car plants in Europe, production and sales volumes are aimed to be rebuilt to recent pre-crisis levels of about 100,000 to 125,000 vehicles including the 9-4X built in Mexico.

* The current dealer network will be re-energized with a new sales and distribution approach in certain markets, which will be implemented during 2010.

* The economies of scale of the on-going collaboration with GM after Closing the acquisition (February 2010) will continue to be leveraged in sourcing via ancillary agreements, with independent sourcing gradually increasing to reduce GM dependency and obtain improved access to other suppliers and the co-development of unique innovations.

Saab Spyker believes that its two brands, both deeply rooted in aeronautical and automotive history, will benefit from sharing certain assets and technology services. Examples include but are not limited to:

* Saab's extensive global network of 1,100 dealers.

* The extensive engineering know how and innovative technologies available at Saab.

* Sharing of activities in marketing & sales: i.e. merchandising, promotion & sponsorship activities, etc.

In the future, the two brands will be able to share certain parts and components and expect to obtain access to supplier and partner resources not available to Spyker or Saab individually today.


FUNDING OF SAAB

The Saab Business Plan requires approximately $1 billion in peak funding for Saab in advance of the return to profitability, forecast to occur by 2012. The funding is provided in part by GM, through $326 million Redeemable Preference Shares ("RPSs"), and in part through other contributions, which concern various substantial contributions to the funding of Saab's Business Plan on favorable terms for supplies by GM to Saab and deferred payments from Saab to GM. The remaining amount, apart from cash at bank, is to be provided by a EUR 400 million loan from the European Investment Bank for certain R&D projects at Saab. Securing this EIB loan is a condition precedent to closing of the Saab acquisition ("Closing").

With this financing in place, the business plan does not envisage any future funding being required, neither from Spyker or elsewhere, for Saab to return to profitability. The business plan targets car production and sales at or below historical levels of 100,000 to 125,000.


Explanation on the two sources of funding:

Redeemable Preference shares
At Closing, GM will convert USD 326 million of pre-closing receivables on Saab into RPSs in Saab. The issue of the RPSs will therefore NOT cause any dilution for the shareholders in Spyker. The voting rights attaching to these RPSs constitute 0.0005% of the total voting rights in Saab. The other 99.99% of the voting rights (100% of the ordinary shares) will be held by Spyker. Since the RPSs are capital and not a loan, no interest is due at any time by Saab. The RPSs carry no dividend from Closing until December 31, 2011. A dividend entitlement of 6% starts from January 1, 2012 through June 30, 2014 and increases over time to 12% as from July 1, 2014 until the scheduled redemption date of December 31, 2016. The dividend over 2012 will be added to principal, but as from fiscal year 2013 the dividend is payable in cash. Should Saab have insufficient distributable reserves to pay the cash dividend it will be added to principal increased with a penalty factor of up to 4%, but such that the total dividend entitlement will never exceed 12%.

In the period 2010-2016, the average dividend payable is about 4%, which is considerably below the average interest on a comparable subordinated loan.

The RPSs qualify as equity and therefore, if Saab cannot pay dividends or redeem the RPSs, Saab will not be in default but the RPSs will simply continue to accrue. Also, the RPSs cannot be redeemed as long as the EIB loan is not yet fully repaid. The Saab Business Plan envisages redemption of the RPSs starting in 2016 out of retained profit, without additional funding (from Spyker or anyone else) being required.


EIB loan
The Share Purchase Agreement is subject to the execution of a EUR 400 million loan agreement between Saab and the European Investment Bank ("EIB"), for which a guarantee was obtained from the Swedish Government on January 26, 2010. This loan will be issued to Saab. All amounts payable by the EIB are specifically earmarked to the Euro for designated Saab projects and capital expenditures and represent 50% of these projects or capital expenditures. The projects mainly relate to increasing fuel efficiency and clean car technology. The remaining 50% is funded by Saab itself pursuant to its Business Plan. Spyker will not have any access to the EIB funds which are completely ring-fenced nor will it pay any part of the Purchase Price with proceeds from the EIB loan. The guarantee is subject to approval by the European Commission. Saab and the Swedish Government have provided all required information to the EC prior to the issue of the guarantee so the decision by the EC is expected very soon.


FUNDING OF SPYKER

Spyker's existing bank loans in the aggregate amount of EUR 57 million are refinanced by Tenaci Capital B.V. ("Tenaci"). The terms and conditions of this loan will mirror those of the existing loans it repays, including the right to convert EUR 9.5 million into ordinary shares at EUR 4.00 per share. The term of the loan is 12 months and the interest 10 percent above Euribor. After payment of the last instalment of the Purchase Price, Tenaci has the right to collateralize the loan on terms and conditions identical to those on which the existing loans were collateralized.

The Purchase Price of Saab amounts to USD 74 million (EUR 53.23 million at the current exchange rate of 1:1.39). The first instalment of USD 50 million, to be paid on Closing, will be paid as follows: USD 25 million is borrowed from Tenaci at the same interest rate as the other funding extended by Tenaci, without the right to convert into shares. This amount is currently already in escrow with General Motors.

The other USD 25 million is financed through a share issue, largely through a commitment from GEM Global Yield Fund Ltd under an equity facility concluded between Spyker and GEM. Spyker currently does not intend to draw in excess of USD 25 million under this facility.

The second instalment, USD 24 million, will be payable on July 15, 2010. Spyker has been approached by various investors to fund this instalment. Spyker intends to finance this amount primarily through senior debt (senior to the debt owed to Tenaci), but does not rule out other alternatives. Spyker has committed to pledge its assets to GM as security for this final tranche.


FUNDING OF TENACI

Tenaci's equity is wholly owned by Investeringsmaatschappij Helvetia B.V., the personal holding company of Mr. Victor Muller. Tenaci obtains its debt funding from sources that wish to remain anonymous and with which Tenaci has entered into non-disclosure agreements. The terms and conditions of Tenaci's own financing do not impact Spyker or Saab in any way.

Tenaci has successfully bought Mr. V. Antonov's current shareholding in Spyker consisting of 4.6 million ordinary shares, subject to closing of the Saab acquisition. Currently Tenaci has no plans to make a public offer on all of the issued shares in Spyker.
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Spyker would preserve Saab product plans, could sell own supercars in select dealers

In a far-reaching interview with AOL Autos this morning, Spyker Cars CEO Victor Muller revealed some interesting tidbits about his company's plan for Saab if they can successfully negotiate for its purchase from parent company General Motors.


In news that will surely be welcomed by Saab dealers and customers, Muller says Spyker has decided it would not pursue plans to winnow Saab's U.S. dealer network from 218 showrooms to 137. In fact, the Dutch businessman suggests that it would be reasonable to expect Spyker to sell its own cars within Saab showrooms in the future (they are presently distributed through Bentley and Lamborghini outlets). Down the road, Spyker's supercars could benefit from Saab's all-wheel drive expertise, among other things.


In a product plan that sounds distinctly like those previously floated by Saab executives in Sweden, the Dutch supercar builder would have Saab rebuild its brand around the 9-3, new-for-2010 9-5, and the 9-4X crossover. An entry-level 9-1 model would not be a consideration, although Muller admits he'd still love to build a production version of 2006's celebrated Aero X concept (shown above). If Saab were to go that route, Spyker's experience in building low-volume supercars would clearly be an asset in bringing it to market.


Naturally, all of this future product discussion will be moot if Spyker and its investors can't get GM to hand over the keys to the perennially embattled brand. A newly extended deadline for sales negotiations to be completed was set by GM on Wednesday, and we should know not long after January 7 what fate awaits the brand.


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Spyker Peking-to-Paris SUV on the way

Spyker plans to grow its model range with the addition of the “Peking-to-Paris” SUV. First shown in concept form at the 2006 Geneva Motor Show, the D12 Peking-to-Paris Concept met a warm reception with “well over 100 orders” being placed during the show alone.

After financial issues of recent years, boutique Dutch supercar manufacturer Spyker is not only staying afloat – it’s growing. Spyker sales doubled in 2008 from 26 to 43 units, and while the gain is paltry, progress is progress.


Back when it was the D12, the Spyker crossover was said to run from 0-60 mph in five seconds, on its way to a 185 mph top speed. It is unclear how drastically performance would diminish because of the smaller, less powerful engine. The smaller engine could also mean a lower price tag than the expected cost of around $300,000. A dip in the price could prove beneficial for the company if they can maintain performance figures. Spyker has taken a gamble on the crossover, betting that demand for the vehicle will help deliver consecutive production and sales increases for the company. Spyker, which was very recently in financial trouble officially reported production and revenue increases for 2008.


There is good new as well for C8 Aileron customers! Spyker is trying as hard as possible to get the first customer car out this quarter. We've got some news on the D8 Peking-To--Paris as well. Spyker has shown the car to the audience a long time ago and now, two years later, they've started testing the car. We can see a heavily modified Land Rover Defender with a Lotus suspension attached to it. The sports car manufacturer hopes to produce the first D8 cars by the end of this year.


We know it doesn't look like much more than an old school Land Rover, but underneath all the patchy sheet metal is the impending Spyker D8 Peking to Paris. At least they put a beautiful set of blacked-out rims on this Frankenstein-esque creation.

Pricing is estimated to fall around $300,000 USD.
via lotusenthusiast



Other article:
Spyker's owner shot in apparent assassination attempt
Geneva Motor Show: 2009 Spyker C8 Aileron
Spyker C8 Laviolette LWB to Debut at Geneva
Spyker D12 Peking to Paris headed to production, priced at $294,252
Spyker Introduces Spyker C8 Laviolette LM85
Spyker C12 Zagato Unveiled at Geneva Motor Show

Spyker Peking-to-Paris SUV on the way

Spyker plans to grow its model range with the addition of the “Peking-to-Paris” SUV. First shown in concept form at the 2006 Geneva Motor Show, the D12 Peking-to-Paris Concept met a warm reception with “well over 100 orders” being placed during the show alone.

After financial issues of recent years, boutique Dutch supercar manufacturer Spyker is not only staying afloat – it’s growing. Spyker sales doubled in 2008 from 26 to 43 units, and while the gain is paltry, progress is progress.


Back when it was the D12, the Spyker crossover was said to run from 0-60 mph in five seconds, on its way to a 185 mph top speed. It is unclear how drastically performance would diminish because of the smaller, less powerful engine. The smaller engine could also mean a lower price tag than the expected cost of around $300,000. A dip in the price could prove beneficial for the company if they can maintain performance figures. Spyker has taken a gamble on the crossover, betting that demand for the vehicle will help deliver consecutive production and sales increases for the company. Spyker, which was very recently in financial trouble officially reported production and revenue increases for 2008.


There is good new as well for C8 Aileron customers! Spyker is trying as hard as possible to get the first customer car out this quarter. We've got some news on the D8 Peking-To--Paris as well. Spyker has shown the car to the audience a long time ago and now, two years later, they've started testing the car. We can see a heavily modified Land Rover Defender with a Lotus suspension attached to it. The sports car manufacturer hopes to produce the first D8 cars by the end of this year.


We know it doesn't look like much more than an old school Land Rover, but underneath all the patchy sheet metal is the impending Spyker D8 Peking to Paris. At least they put a beautiful set of blacked-out rims on this Frankenstein-esque creation.

Pricing is estimated to fall around $300,000 USD.
via lotusenthusiast



Other article:
Spyker's owner shot in apparent assassination attempt
Geneva Motor Show: 2009 Spyker C8 Aileron
Spyker C8 Laviolette LWB to Debut at Geneva
Spyker D12 Peking to Paris headed to production, priced at $294,252
Spyker Introduces Spyker C8 Laviolette LM85
Spyker C12 Zagato Unveiled at Geneva Motor Show

Spyker D12 Peking to Paris headed to production, priced at $294,252

Three years after it made its debut at the 2006 Geneva Motor Show, the Spyker D12 Peking to Paris SUV will go into production next year. Spyker has already received 100 orders for the oddly shaped SUV which is said to be a Porsche Cayenne rival.


Speaking of Porsche, the D12 Peking to Paris actually uses an Audi sourced W12 engine that produces 500-hp. That allows it to go from 0 to 60 mph in 5 seconds with a top speed of 185 mph. Pricing for the car has been confirmed at £186,000 ($294,252 USD). Production will take place at Spyker’s Zeewolde factory. Spykers were once hand-built but will now be constructed on a conventional production line.
via teamspeed.com




Other article:
Spyker Introduces Spyker C8 Laviolette LM85
Spyker C8 Laviolette LWB to Debut at Geneva
Spyker C12 Zagato Unveiled at Geneva Motor Show

Benzs.blogspot_Spyker Introduces Spyker C8 Laviolette LM85

Exterior
Based on the Spyker C8 Laviolette GT2R, the racing characteristics of the LM85 are numerous, such as the all aluminium chassis, GT2 livery (Burnt Almond Orange with Gun Metal ‘S’ logo), side mirrors in body colour, a carbon fibre rear spoiler, and GT2 windscreen streamer. Behind the black powder coated alloy wheels, black AP Racing 6 piston brake calipers with AP Racing logo appear. The LM85 can optionally be equipped with Le Mans sticker sets as well as a customised LM85 car cover.



Interior
The ample use of black leather and alcantara, which is originally meant to reduce light reflection during racing, has been finished with orange contrast stitching and characterizes the unique interior of the LM85. The dashboard instrument panel is made of turned aluminium. Each car will feature a personalised LM85 serial plaque. On request, Chronoswiss dials and switches can be installed and are virtually identical to the Chronoswiss 24Hours Pilot Watch every LM85 owner receives with his car. The black floor mats are made of fire protective material, finished with orange piping and the LM85 logo embroidered.

Extra features
As mentioned above, every LM85 owner receives a special edition Spyker Chronoswiss 24H Pilot Watch with orange crocodile strap. The serial number of the car will be engraved on the case of this exquisite time piece. Additionally, all LM85 owners are offered an exclusive Spyker VIP Hospitality weekend at the 24H of Le Mans in 2009.
Read All



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Spyker C8 Laviolette LWB to Debut at Geneva