Youngman Lotus is back, with a new small MPV called the CX20. The brand has a troubled history. The vehicle appears to be based on the Changan CX20, and even carries the exact same name badge, so there is likely some sort of cooperation with Changan Auto.
The back story starts with as a joint venture between the Chinese bus maker Youngman Group and Malaysia’s Proton, then the sole owner of the Lotus brand. The joint venture was initially called Youngman-Proton, it made several Proton-branded cars for the Chinese market. Then Youngman managed somehow to get its hand on the Chinese right for the Lotus name, both in English and Chinese (莲花) .
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The Youngman-Lotus T5 SUV will hit the Chinese car market in April, priced between 80.000 and 120.000 yuan. The T5 SUV debuted as a concept on the Beijing Auto Show in April 2012, the production version will debut on the Shanghai Auto Show in April. Continue reading “Youngman-Lotus T5 SUV will hit the China auto market in April”
This is the new Youngman-Lotus L3 GT, a sporty version of the normally rather boring Youngman-Lotus L3, which is by itself based on the even more boring Malaysian Proton Gen 2 Persona. The L3 GT is all Youngman’s work, the vehicle got a new grille, new bumpers, a matte white paint job and speedy seven-spoke alloys.
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The Youngman-Lotus L5 GT was launched today at the Chinese auto market on the Guangzhou Auto Show, priced at 96.800 yuan. The L5 GT is a sporty version of the Youngman-Lotus L5, which is based on the Malaysian Proton Gen 2. The L5 GT however is Youngman’s own work and we must say it loox rather good. The GT got a new grille, new bumpers, a body kit, large low profile tires and speedy alloys.
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This is the new Youngman-Lotus L3 GT, it will debut tomorrow on the Guangzhou Auto Show. The L3 GT is a sporty version of the existing Youngman-Lotus L3 which is based on the Malaysian Proton Gen 2 Persona. The L3 GT will be launched on the Chinese auto market sometime in the first half of next year.
Continue reading “Spy Shots: Youngman-Lotus L3 GT arrives at the Guangzhou Auto Show”
Spy shots from the new Youngman-Lotus L5 GT testing in China, it will be launched on the Chinese auto market next year, debut is expected at the April 2013 Shanghai Auto Show. The L5 GT debuted as a concept on the Beijing Auto Show in April and is a sporty variant of the Youngman Lotus L5.
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Spyker and Youngman announced on Monday they will set up two joint ventures. The first will own the rights to the Phoenix-platform that was developed by Saab and licensed to Youngman last year. This joint venture will be called ‘Spyker Phoenix’. Youngman gets 80% of this joint venture, Spyker 20%.
The second joint venture is aimed at developing the Spyker D8/D12 SUV (pic). Youngman invests 25 million euro, for which it will get 75% of the joint venture, Spyker will get the other 25%. Here Youngman has set eye on the booming luxury SUV market in China which will also see entries from Bentley and Lamborghini. Continue reading “Never Give Up: Spyker and Youngman will start two joint ventures”
Spy Shots of the production version of the Youngman-Lotus T5 SUV. The T5 debuted as a concept on the Beijing Auto Show in April and the production version loox for 99% the same. The uncamouflaged car is the top-spec T5, and spies also snapped some pics of a camouflaged basic T5.
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China Youngman Automobile Group Co., a home-grown car maker, plans to acquire a 75% stake in German coach manufacturer Viseon Bus GmbH, in its latest attempt to expand globally after failing to purchase Saab Automobile last year.
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Finally, after talking for some two years and bidding for Saab at least 10 times Youngman finally does what it should have done along long time ago: give up. From ChinaDaily:
Chinese automobile company Youngman had quit the negotiation on purchasing the Swedish car maker Saab with its bankruptcy administrators, reported the Swedish newspaper Daily Industry (DI) on Wednesday.
Continue reading “China’s Youngman finally quits on Saab”