/ Industry, News, Spyker / Spyker fends off asset sales, but not out of trouble

Spyker fends off asset sales, but not out of trouble

Linked In Share
Spyker fends off asset sales, but not out of trouble

The exotic Dutch sports carmaker is well known for its supercars/ automotive art pieces and also for its unsuccessful bid to enter the global auto making business through Sweden’s Saab.

For a small group of wealthy customers and car fanatics, Spyker was a dream car alternative to the more traditional supercar examples like Aston Martin of Ferrari. But the small series manufacturer and its CEO – Victor Muller – came into widespread attention when GM sold them in 2009 the assets and the Saab brand. That was a long shot attempt, which resulted in the mainstream carmaker going bankrupt and getting new owners in just two years. Spyker returned to building its exotic rides, but its financial health also spiraled down.

Now, on July 25, the company was slated to auction off many of its assets to satisfy the appetite of Dutch tax authorities. Fortunately, the CEO managed to secure funding and averted the sale of a 2007 Formula One car, a race variant of the Spyker C8, some C8 Aileron cars, the D12 Paris-to-Peking SUV concept and a big chunk of Audi engines it uses to motorize its own models.

Although the auction was timely averted, the analysts and industry watchers contend that Spyker is heading again towards collapse in the absence of much needed sales traction from new models. The best example is the new B6 Venator, appreciated by fans and industry professionals alike, which is not yet slated to begin series production, either in its coupe or Spyder convertible versions.

by Aurel Niculescu (my Google+) - Tuesday, July 8th, 2014 - filed under Industry, News, Spyker. Image credit: .
Linked In Share
Related Articles
asset sales financial trouble Spyker


Discuss: Spyker fends off asset sales, but not out of trouble

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Volvo plans more luxurious XC90 for Shanghai
Volvo plans more luxurious XC90 for ShanghaiThe Swedish based automaker Volvo will be creating a more luxurious version of the recently unveiled XC90 which will be ...
[VIDEO] Cadillac CT6’s manufacturing process detailed
[VIDEO] Cadillac CT6’s manufacturing process detailedThe North American based automaker Cadillac has recently detailed part of the production process of the upcoming CT6 flagship ...
Mercedes-AMG GT S’ price leaked in the U.S.
Mercedes-AMG GT S’ price leaked in the U.S.The price start of the Mercedes AMG GT S has recently leaked out over the web, in the United States, where the model will become ...
Chevrolet Silverado Midnight Edition introduced
Chevrolet Silverado Midnight Edition introducedThe Chevrolet Silverado Midnight Edition is the company’s newest creation and it will be making its public debut next month, ...
Lamborghini Huracan tuning by Liberty Walk
Lamborghini Huracan tuning by Liberty WalkThe aftermarket specialists from Liberty Walk have officially previewed their tuning package for the Lamborghini ...
GMC Sierra Elevation Edition goes on sale
GMC Sierra Elevation Edition goes on saleThe GMC Sierra Elevation Edition has begun its sales as the model in question is carrying a starting price of 34,865 USD. GMC ...
Peugeot 308 GT gets detailed
Peugeot 308 GT gets detailedPeugeot has recently released some new details and images with the 308 GT, which will start its deliveries this ...
Chilton eyes Indycar debut for 2016
Chilton eyes Indycar debut for 2016Jan.23 (GMM/Inautonews.com) Max Chilton will this year keep his motor racing career alive in America. The 23-year-old Briton ...
Nurburgring still in talks with Ecclestone
Nurburgring still in talks with EcclestoneJan.23 (GMM/Inautonews.com) The Nurburgring is still in talks with Bernie Ecclestone about hosting the 2015 German grand prix as ...
Caterham boss admits ‘time running out’
Caterham boss admits ‘time running out’Jan.23 (GMM/Inautonews.com) Caterham's acting team boss and administrator has admitted time is running out to rescue the ailing ...
Kubica forms own world rally team
Kubica forms own world rally teamJan.23 (GMM/Inautonews.com) Robert Kubica has launched his own team to contest the world rally championship in 2015. The Pole's ...
Rookie duo admits Hamilton favourite in 2015
Rookie duo admits Hamilton favourite in 2015Jan.23 (GMM/Inautonews.com) When it comes to two crucial questions about F1, Toro Rosso's all-rookie lineup is unanimous. When ...
Illien says tweaks would make V6 engines louder
Illien says tweaks would make V6 engines louderJan.23 (GMM/Inautonews.com) Mario Illien says it is possible tweaks to the current generation of turbo V6 cars can produce a ...
Dallara starts work on 2016 Haas car
Dallara starts work on 2016 Haas carJan.23 (GMM/Inautonews.com) F1 newcomer Haas has begun to work on its first car for 2016, Omnicorse reports. While the team ...
Vettel to debut new Ferrari – report
Vettel to debut new Ferrari – reportJan.23 (GMM/Inautonews.com) Sebastian Vettel is reportedly first in line to test Ferrari's 2015 car. On Thursday, it emerged ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Chevrolet Silverado Midnight Edition 1
Lamborghini Huracan tuning by Liberty Walk 1
GMC Sierra Elevation Edition 1
Peugeot 308 GT 1
Porsche 918 Spyder Sport Classic Grey 1
Spy-Photo
Lamborghini Huracan GT3 2
Porsche 911 GTS Club Coupe 1
Spy-Photo
Spy-Photo
Spy-Photo
Spy-Photo

More automotive from inautonews
The Swedish based automaker Volvo will be creating a more luxurious version of the recently unveiled XC90 which will be introduced at the Auto Shanghai, this year. In case you have felt that the new generation of the Volvo XC90 is not that good and that you would be able to pay more for it only if ...
read more
Inautonews Editors Section
NAIAS 2015: the best and worst
NAIAS 2015: the best and worstThe 2015 North American International Auto Show is the perfect sign that USA’s auto industry has recovered fully from the brink of collapse that ...
Cutting-edge technology we could see in vehicles by 2020
Cutting-edge technology we could see in vehicles by 2020While the month of January is not even over yet, the world of automotive industry has already presented itself with two weeks of awe and wonder for ...
The cars and trucks to remember from the 2015 NAIAS in Detroit
The cars and trucks to remember from the 2015 NAIAS in DetroitThe media previews are over and the public is flooding the area of the Cobo Center in Detroit, where the 2015 edition of the North American ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Euro NCAP: New Skoda Fabia, best in classThe new generation of the Skoda Fabia has been named the safest car in its segment by Euro NCAP, ... Recall roundup: Toyota Prius V for airbag problemsToyota has recently issued a recall for several Prius V models because of a possible problem with ...
Safety Section