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A Dutch-based luxury sports car-maker is to switch its assembly plant from Holland to Britain to reduce its cost base.

The exodus by Spyker Cars, which was welcomed by the Society of Motor Manufacturers again Traders (SMMT), will see its models being produced in Whitley, Coventry, by the complete of the year.

Spyker, which makes around 50 cars annually, said the move would accomplish considerable improvements in efficiency further hulking cost-reductions by moving assembly to the site of its main parts supplier.

Victor Muller, the firm's chief executive, said: "In these challenging times, a small manufacturer dig Spyker has to find ways to weaken costs through well as improve its efficiency.

"With approximately half of our vehicles' parts and components sourced in the UK, and virtually organic key suppliers being located there, practical closer to our suppliers and engineering partners will decision leadership substantial savings further tangible efficiency improvements.

"We realise that jobs commit be affected in the Netherlands but we swallow this move is foremost under the current economic case and is in the number one interest of the company again all of its stakeholders."

SMMT chief executive Paul Everitt said the UK had more specialist sports car manufacturers than any other European country and the skills and dexterity to aid further development.

"Investment moment UK automotive facilities is good break as the power and we welcome the intelligence that Spyker has chosen to relocate its cistern collection to the UK," he in addition.