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Supercar maker Spyker is shifting its manufacturing base from Zeewolde in Holland to Coventry.
The move is a cost-saving measure, as Spyker's main supplier is CPP (Manufacturing) Ltd, which is based in the Midlands. The relocation is expected to be completed by the end of this year.
There are 135 Spyker employees in Holland, although the company says only 45 jobs will be directly affected by the move.
Engineering, corporate staff functions, sales, after-sales, marketing and the company’s works GT race team will remain in Zeewolde. However, the company has warned there may be redundancies among these staff.
Spyker CEO Victor Muller said: "In these challenging times, a small manufacturer like Spyker has to find ways to reduce costs as well as improve its efficiency.
"By relocating vehicle assembly to CPP (Manufacturing) we secure the future of our business.
“With approximately half of our vehicles’ parts and components sourced in the UK, and virtually all key suppliers being located there, moving closer to our suppliers and engineering partners will result in substantial savings and tangible efficiency improvements.
“We realise that jobs will be affected in the Netherlands but we believe this move is necessary under the current economic circumstances and is in the best interest of the company and all of its stakeholders."
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