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Spyker and Youngman sign deal, plan to build D8 SUV and Phoenix-based range

It appears Spyker is strengthen its ties and carmaking ability with Chinese carmaker Youngman. This comes in the wake of the brand's latest dealings with a $3 billion lawsuit against General Motors regarding the demise of Saab.
Youngman is reportedly investing €10,000,000 ($12.5M USD) for a 29.9-percent stake in the company. The shares are being sold for €0.05 (6.3 cents) each, representing a fully diluted share. Youngman has said it will not take on more than the 29.9-percent stake.
Additionally, Youngman will invest €25,000,000 ($31M) for the development of an all-new Spyker vehicle, called the D8 P2P, named for the Peking-to-Paris rally. The vehicle had been shown as a concept by Spyker previously, but things had been quiet since then. It appears Spyker will now build the uniquely styled D8 Concept shown above. The vehicle is to launch at the end of 2014 and carry a price of $250,000 per vehicle.

Hot rod tractor stars in Swedish version of Farmkhana

The Nordic countries are known for their beautiful fjords, blonde-haired populace and bitter cold for a good portion of the year. The hours spent indoors during the dark, cold season apparently gives a lot of time for some crazy brainstorming. Tire store chain Vianor is highlighting the Traktor Terror in a new video. If Ken Block is the master of Gymkhana, then these guys know all about Farmkhana in their custom, turbocharged tractor.
According to the YouTube description from Vianor, the tractor is a 1956 Volvo BM Terrier with an added roll cage, adjustable front suspension and extended frame. The engine is thoroughly Swedish, and it's based on a Volvo 940 Turbo with a Volvo 240 head and Volvo 740 intercooler. However, it uses a Saab turbo Prospark ignition and fuel system. All told, the setup is claimed to make 225 horsepower and is capable of a top speed of 60 miles per hour.
That's not crazy power, but this tractor can certainly put it down. The farm machine has no problem smoking those big rear wheels and drifts easily.... although, it may be a tiny little bit unstable (hence the roll cage). If nothing else, this looks like the world's most fun way to be a farmer, that's for sure.

Spyker's $3B lawsuit against GM for blocking Saab sale thrown out

US District Judge Gershwin Drain has dismissed a $3-billion lawsuit Spyker filed against General Motors. In the suit, Spyker accused GM of attempting to bankrupt Saab after the US automaker had already sold the company to Spyker. GM in effect blocked the sale of Saab to China's Zhejiang Youngman Lotus Automobile Company by prohibiting the transfer of some of its intellectual property. But the court found that GM had a "contractual right" to approve or disapprove any change of ownership. Furthermore, Reuters reports Judge Drain said the contract between GM and Spyker "is clear, unambiguous and absolute" on the matter.
GM, meanwhile, says it is pleased with the ruling. Spyker CEO Victor Muller has not said whether or not his company will appeal the ruling. The Dutch automaker is expected to make a final decision once the court issues its written order on the case.
You can read the official Spyker press release about the court ruling below for more information.