Spyker and Lotus announced cooperation

Spyker and Lotus have reached agreement today on the outline of their intended cooperation, which will include a Parts and Platform Commonality Agreement (PPCA), a Parts and Accessories Supply Agreement pursuant to which Lotus would provide certain parts for Spyker’s new C8 Aileron super sportscar, and a concept Design and Engineering Agreement relating to all of Spyker’s future models.

The parties’ objective is to reduce costs of parts and components by sharing technology.

Victor R. Muller, CEO of Spyker Cars comments: “Our company has had a very fruitful cooperation with Lotus, developed over the past four years, relating to engineering services in respect of certain components of our cars, as well as in respect of worldwide certification. Spyker and Lotus have now come to the conclusion that they need to intensify their cooperation to the point that we intend to share parts and platforms, as well as an agreement on the supply of parts. Moreover, Lotus Engineering has become Spyker’s preferred subcontractor in respect of a number of engineering projects relating to the Spyker C8 Aileron and the Spyker D8 Peking-to-Paris.