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Dutch car-maker to switch production to UK.


Summary: A Dutch-based luxury sports car-maker is to switch its assembly plant from Holland to Britain to reduce its cost base.

A Dutch-based luxury sports car-maker is to switch its assembly plant from Holland to Britain to reduce its cost base.

The relocation by Spyker Cars Spyker Cars N.V. (Euronext SPYKR) is a Dutch hand-built automobile manufacturer, not related to or controlled by the previous Spyker company that went bankrupt in 1929. The modern Spyker Cars only has the legal right to the brand name. , which was welcomed by the Society of Motor Manufacturers and Traders The Society of Motor Manufacturers and Traders (SMMT) is the trade association for the United Kingdom motor industry. See also
  • British motor industry
External links
  • The Society of Motor Manufacturers and Traders official website
 (SMMT SMMT Society of Motor Manufacturers and Traders
SMMT Short Message Mobile Terminated
SMMT System Mechanic Mobile Toolkit
), will see its models being produced in Whitley in Coventry by the end of the year.

Spyker, which makes around 50 cars annually, said the move would achieve considerable improvements in efficiency and substantial cost reductions, by moving assembly to the site of its main parts supplier.

Victor Muller, the firm's chief executive, said: "In these challenging times, a small manufacturer like Spyker has to find ways to reduce costs as well as improve its efficiency.

"With approximately half of our vehicles' parts and components sourced in the UK, and virtually all key suppliers being located there, moving closer to our suppliers and engineering partners will result in substantial savings and tangible efficiency improvements.

"We realise that jobs will be affected in the Netherlands but we believe this move is necessary under the current economic circumstances and is in the best interest of the company and all of its stakeholders."

SMMT chief executive Paul Everitt said the UK had more specialist sports car manufacturers This is a list of specialist manufacturers or marques of modern and classic sports cars. It includes companies that are devoted exclusively to producing sports cars.

Please add companies that build (or built) only sports cars.
 than any other European country and the skills and expertise to support further development.

Independent Television News Limited 2009. All rights reserved.

Independent Television News Limited 2009. All rights reserved.

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Publication:Independent Television News Limited (ITN)
Date:Nov 25, 2009
Words:260
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