Dutch, Chinese car makers Spyker, Youngman start joint ventures

Newswire

AMSTERDAM, Aug 27 (Reuters) - Dutch car maker Spyker and Chinese peer Zhejiang Youngman Passenger Car Group will start two joint ventures to produce cars based on a platform developed by Saab Automobile, Spyker and Youngman said on Monday. Youngman will take a 29.9 percent equity stake in Spyker Cars, and invest 25 million euros in one of the two joint ventures, the two companies said in a statement. (Reporting by Gilbert Kreijger)

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