Spyker Cars nails Saab – No Fireworks Yet
Spyker's latest model, the C8 Aileron, shown in Geneva (from Z24)
The word is out: directly after the end of trading on the Dutch and Swedish stock markets today, the long expected deal was officially announced: Spyker Cars buys Saab.
But one moment please, no fireworks yet.
Something that might sound like very good news for Saab, its customers and (most of) its employees, should not immediately be a reason for too much celebration.
Some Spyker facts:
Victor Muller has owned Spyker since 1999; he used the name of an old Dutch car brand that went out of business in 1926.
Sales were never spectacular, but Spyker always succeeded in getting a lot of attention. Sharon Stone, for example, used a Spyker in Basic Instinct 2.
In 2006 Spyker spent $100 million to buy its way into Formula 1 Racing. Without much success — a year later the adventure was over.
In December 2007 the Russian billionaire Vladimir Antonov (Convers Bank) bought a large share in Spyker. It saved the company.
In the first half of 2009 Spyker sold 23 cars at a loss of more than $12 million.
Spyker – the Dutch word for “Nail”- has never made any profit.
Slideshow about Spyker’s history.
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