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The past few months haven’t been easy for Spyker. After ending its affiliations with Saab, and changing its name back from Swedish Automobile to Spyker, the company fell on hard times. CEO Victor Muller confirmed a few months ago that investors were needed and once found, production could substantially increase.
Unfortunately, those investors never materialized and, as a result, the economic viability of Spyker has continued on its downward spiral. Spyker was recently in serious investment talks with CPP Global Holdings and North Street Capital, but both firms have gone quiet in the past few months and Spyker’s future is looking very bleak yet again.
De Telegraaf recently reported that Spyker Cars posted a net profit of $154 million in just the first 6 months of the year and consequently, one would think that finding a large investor would be a walk in the park. Unfortunately, that’s not the case.
In saying that, however, Victor Muller’s statement that the company is “virtually debt free” doesn’t leave us with a great deal of confidence, as it’s clear that the firm’s undisclosed debt levels are dissuading investors from picking up the exclusive marque.
Despite this news, production of the Spyker C8 Aileron continues albeit at a slower pace.
Spyker looking for additional investors for future survival originally appeared on topspeed.com on Sunday, 22 July 2012 12:00 EST.
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