Dutch carmaker, Spyker, has announced plans to move part of its operation from Holland to Coventry.
The news has been welcomed in Coventry which has been hit by the closure of Peugeot’s Ryton factory and Jaguar’s Browns Lane plant in recent years.
The company currently produces between 40-50 cars a year which are sold mainly within the US and feature a 4.2-litre Audi V8 engines.
Spyker says the move makes sense because many components for its cars already come from the UK.
Victor Muller, Spyker’s chief executive, said ‘With approximately half of our vehicles’ parts and components sourced in the UK and virtually all our key suppliers located there, moving will result in substantial savings and tangible efficiency improvements.’
About 45 of its current workforce of 135 will lose their jobs when production moves to the UK, but Spyker is planning to offer workers the chance to relocate.