National Automotive Icons – France

With the Ford Mustang wrapping up the US iteration of this series, it’s time to move across the Atlantic to a country that is perhaps not quite so well known for its automotive culture, but one that is still very well represented by some absolutely amazing automotive icons – France.

As I did with the US, I’m offering five suggestions based on my own limited knowledge. You’re most welcome to add some suggestions of your own in comments and the more they’re supported, the more likely it is I’ll add them to the poll.

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Anything sporty made by Renault in the last 30 years

Renault’s most noted early foray into sporting cars was with the Alpine company, which started off using rear-mounted Renault engines in competition vehicles in the 1950s. Renault bought Alpine in the early 1970s, abandoned it in the 1990s, only to release a special Alpine concept earlier this year, which I covered here on the website.

The cars I’m concerned with here cross over some of the Alpine timeline, but they’re Renault-badged and intended to descend from their motorsport heritage in formula 1.

It all started with the Renault 5 Turbo, a mad little tin can with a turbocharged 1400 engine, mid-mounted and capable of producing 160hp to propel a body that weighed just under 1000kg. Whilst the standard Renault 5 was front-wheel drive, the Renault 5 Turbo drove the rear wheels and was a regular sight near the front of the European rally circuit in the early 1980s, just before the Group B cars came along and blew everybody away.

Fast forward to the new millenium and Renault now produce their performance vehicles under the RenaultSport badge. They even make a bunch of them in the old Alpine premises, at Dieppe, in France. The RS Clio has traditionally been the purists choice with it’s dedication to pure, normally aspirated acceleration and light weight. The slightly larger RS Megane uses turbo technology to push the front-wheel drive envelope even further and both the Clio and Megane have been lauded by the motoring press in Europe and Australia as the best hot hatches of the modern era.

Here’s the old 5T being driven, along with the RS Megane R26R from a few years ago.

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Continue reading National Automotive Icons – France

Press Release: Spyker’s deal with Youngman to build Spykerised Saabs (and other things)

I’ll probably talk a bit more about this as time goes by so I figure it’s best to have a copy of it on the record here.

I’m quite surprised by this and intrigued as to how this could possibly be achieved and what might be the end game because right now, I don’t know how the things planned in this release could possibly come to pass. But hey, I’m totally up for listening to any reasonable explanations from people in the know.

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SPYKER AND YOUNGMAN SIGN FRAMEWORK AGREEMENT FOR 29.9 PERCENT STAKE, JOINT VENTURE FOR SPYKER D8 SSUV AND JOINT VENTURE FOR NEW PRODUCT RANGE BASED ON PHOENIX PLATFORM

Zeewolde, the Netherlands, 27 August 2012 – Spyker N.V. ( Spyker ) announces that it signed a Framework Agreement with the Chinese car manufacturer Zhejiang Youngman Passenger Car Group Co, Ltd ( Youngman ) today.

Today’s Framework Agreement entails the following:

Subject to satisfactory completion by Youngman of a due diligence on Spyker and the satisfaction of relevant conditions to be set forth in the definitive transaction documentation, Youngman will invest Euro 10,000,000 in Spyker of which approximately Euro 6,700,000 as subscription for such number of Class A shares in Spyker as will constitute 29.9% of the issued and outstanding share capital of Spyker on a fully diluted basis for a price of Euro 0.05 per share, and the remaining approximately Euro 3,300,000 shall be provided to Spyker in the form of a shareholder loan. Youngman undertakes to not exceed the 29.9 percent threshold and therefore has no ambition to make a mandatory offer on all outstanding shares in Spyker.

Youngman shall pay the first tranche of the share subscription in an amount of Euro 2,300,000 to Spyker within 7 days as of today.

Youngman shall pay the remaining Euro 7,700,000 no later than 45 days after the execution of the definitive transaction documentation.

Continue reading Press Release: Spyker’s deal with Youngman to build Spykerised Saabs (and other things)

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