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Spyker to be Sold to US-based Equity Firm for €32 million

    The growing importance of China has led many carmakers to introduce a variety of dedicated special edition models created especially for the domestic market. In the recent past, the BMW Group has presented many such vehicles, including but not limited to, the M3 Matte and Tiger Editions.

    The Bavarian firm's latest attempt to capture the attention of Chinese buyers with a special version is the Z4 sDrive23i Flame Edition.

    The China-only model is based on the Z4 hardtop roadster with a 2.5-liter straight-six petrol engine that generates 204HP for 0-100km/h (62mph) sprint time of 7.3 seconds.

    On the outside, the Flame Edition gets a distinct yellow finish and alloy wheel designs.

    Interior modifications include seats dressed in a combination of Alcantara and leather with yellow accents. The same color makes its appearance on the lower parts of the dashboard, the center panels of which are trimmed in Alcantara with yellow piping.


    Swedish Automobile N.V. [Swan] owner of cash-strapped Saab, announced today that it has reached an agreement with US-based private equity firm North Street Capital LP concerning the main terms for the sale of its Spyker luxury sports car business.

    North Street Capital LP is based in Greenwich, Connecticut and its managing partner, Alex Mascioli, also doubles as a race car driver.

    The Swedish company said it will receive €32 million ($43.6 million USD) “if and when the sale would become wholly unconditional”, adding that "since the Spyker assets arepledged to Tenaci Capital B.V. (Tenaci) the net proceeds of a sale will be used to redeem Swan's debt to Tenaci."

    Swan CEO Victor Muller, who has sought to sell Spyker since February in order to focus on Saab, will remain as Spyker CEO in order to ensure the continuity of the carmaker's relationship with its customers.

    The company notes, however, that there can be “no assurance” that the negotiations will be completed successfully and the final agreement will be reached on the already discussed or different terms.

    Maybe that’s because Muller knows from his prior experience with Saab and Spyker and their former suitor, Victor Antonov, that it ain’t over until it’s really over


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Spyker to be Sold to US-based Equity Firm for €32 million

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