Sweden: Spyker signs partnership deal with Hawtai Motor

Spyker Cars N.V. and Saab Automobile AB have signed a strategic partnership agreement with China's Hawtai Motor Group Company Limited (Hawtai). Spyker intends to enter into a subscription agreement with Hawtai in the amount of €120m (US$17.9m) for a total of 24.6 million shares as well as a €30m convertible loan. The agreement Subscribe to Automotive World … Continued

• By Webmaster
• May 3, 2011