Spyker N.V.
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Publicatie datum
16 mei 2011 - 08:55
Statutaire naam
Spyker N.V.
Titel
SAAB AUTOMOBILE AND SPYKER ENTER INTO MOU WITH PANG DA AUTOMOBILE ON DISTRIBUTION/MANUFACTURING PARTNERSHIP FOR CHINA AND EQUITY PARTICIPATION
Bericht
Zeewolde, The Netherlands, 16 May 2011 - Spyker Cars N.V. (Spyker) announces today that Spyker and Saab Automobile AB (Saab Automobile) signed a Memorandum of Understanding (MoU) with Pang Da Automobile Trade Co., Ltd (Pang Da), China's largest publicly traded automobile distributor with over 1100 dealerships nationwide. The MoU includes a strategic alliance consisting of a 50/50 distribution joint venture and a manufacturing joint venture (MJV) for Saab branded vehicles as well as for an MJV-owned brand (the so-called 'child brand') in China. Saab Automobile will have up to 50 percent in the MJV, with Pang Da and a to-be-selected manufacturing partner owning the remaining shares.
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