Spyker Wednesday said that Chief Financial Officer Hans Go has resigned at a time when the auto maker is struggling to get back on track.
As a result, the role of Spyker’s CFO will be assumed by the new Saab Automobile CFO, whose appointment will be announced later this year. Since Rob Schuyt is temporarily acting as Saab Automobile’s CFO, and was recently appointed a statutory director of Spyker, he will also temporarily assume the role of CFO of the Spyker group.
On the same time, Pang Da has placed a $22 million (€15 million) cash order for 630 cars from Spyker NV’s ailing unit Saab, the Swedish car maker said Wednesday.
The order comes on top of the 1,300 cars that Pang Da ordered for EUR 30 million and both orders are part of the broader tentative agreement between Spyker and Pang Da which was signed on May 16.
As with the EUR 30 million order, Pang Da will pay the additional order up front and Saab Automobile expects to receive the funds this week. Delivery of the vehicles will start in the fall of this year.
It’s not clear yet what Pang Da intends to do with all those cars. The company is one of the biggest auto sellers in China, with some 1,100 dealerships spread throughout the country, but this week’s order comes two weeks after the initial one, which involved 1,300 Saab vehicles.