/ 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!

2015 Geneva Motor Show LIVE: Lexus LF-SA Concept
2015 Geneva Motor Show LIVE: Lexus LF-SA ConceptThe Japanese based automaker Lexus has officially pulled the wraps off the brand new LF-SA Concept during the 2015 Geneva Motor ...
2015 Geneva Motor Show LIVE: Alpina B5 Edition 50
2015 Geneva Motor Show LIVE: Alpina B5 Edition 50The brand new Alpina B50 Edition 50 has been officially presented to the public, in a premiere, at the 2015 Geneva Motor ...
2015 Geneva Motor Show LIVE: VW Passat and Audi TT by ABT Sportsline
2015 Geneva Motor Show LIVE: VW Passat and Audi TT by ABT SportslineTuning powerhouse ABT Sportsline has been busy bringing all of its novelties at the 2015 edition of the Geneva Motor Show, ...
2015 Geneva Motor Show LIVE: BMW M4 Coupe by AC Schnitzer
2015 Geneva Motor Show LIVE: BMW M4 Coupe by AC SchnitzerThe German tuning company AC Schnitzer has officially introduced a modified BMW M4 Coupe during the 2015 Geneva Motor Show. BMW ...
2015 Geneva Motor Show LIVE: Audi RS6-R Avant by ABT
2015 Geneva Motor Show LIVE: Audi RS6-R Avant by ABTThe tuning specialists at ABT have just revised their program for the Audi RS6 Avant, in the nick of time to also present the ...
2015 Geneva Motor Show LIVE: Kia Sportspace Concept
2015 Geneva Motor Show LIVE: Kia Sportspace ConceptThe brand new Kia Sportspace Concept has been officially presented to the public at the 2015 Geneva Motor Show, in a ...
2015 Geneva Motor Show LIVE: Morgan Aero 8
2015 Geneva Motor Show LIVE: Morgan Aero 8After being teased several times over the past few weeks, the brand new Morgan Aero 8 is finally making its public debut at the ...
2015 Geneva Motor Show LIVE: Renault Clio RS Trophy
2015 Geneva Motor Show LIVE: Renault Clio RS TrophyThe Renault Clio RS Trophy has been officially introduced in Geneva, after its online leak a couple of days ago, in a world ...
2015 Geneva Motor Show LIVE: Infiniti QX30 Concept
2015 Geneva Motor Show LIVE: Infiniti QX30 ConceptThe Infiniti QX30 Concept has recently made its public debut at the 2015 Geneva Motor Show. The brand new Infiniti QX30 Concept ...
2015 Geneva Motor Show LIVE: Hyundai i30
2015 Geneva Motor Show LIVE: Hyundai i30The South Korean automaker has thoroughly renewed its entire European lineup with key new offerings: starting with the subcompact ...
2015 Geneva Motor Show LIVE: Italdesign Giugiaro GEA Concept
2015 Geneva Motor Show LIVE: Italdesign Giugiaro GEA ConceptItaldesign Giugiaro design house is currently present at the 2015 Geneva Motor Show with its newest creation up to date, the ...
2015 Geneva Motor Show LIVE: Audi RS3 Sportback
2015 Geneva Motor Show LIVE: Audi RS3 SportbackAudi has introduced the new RS3 Sportback hot hatch at the 2015 Geneva Motor Show. Hot hatches are keep popping into the 2015 ...
2015 Geneva Motor Show LIVE: Hyundai i20
2015 Geneva Motor Show LIVE: Hyundai i20The new i20, probably one of the most important models of the South Korean automaker on the European market, has made an ...
Red Bull eyes RB11 nose-job for Melbourne
Red Bull eyes RB11 nose-job for MelbourneMar.4 (GMM/Inautonews.com) Red Bull is scrambling to give its 2015 car a nose-job before its Melbourne race debut next ...
Former F1 driver says Alonso took ’600 watt hit’
Former F1 driver says Alonso took ’600 watt hit’Mar.4 (GMM/Inautonews.com) Officially, a gust of wind blew Fernando Alonso off the track on February 22, resulting in a ...
Read more automotive news


2015 Geneva Motor Show Coverage

Lexus LF SA Concept Geneva Live Geneva 2015 01
BMW Alpina B5 Edition 50 Live Geneva 2015 00
ABT Audi TT Geneva Live Geneva 2015 01
AC Schnitzer BMW M4 Live Geneva 2015 01
ABT Audi RS6R Geneva Live Geneva 2015 01
Kia Sportspace Concept Geneva Live Geneva 2015 01
Morgan Aero 8 Geneva Live Geneva 2015 01
Renault Clio RS Trophy Geneva Live Geneva 2015 00
Infiniti QX30 Concept Live Geneva 2015 00
Hyundai i30  Live Geneva 2015 00
Italdesign Giugiaro GEA Concept  Live Geneva 2015 00
Audi RS3 Live Geneva 2015 00 - Copy

More automotive from inautonews
The Japanese based automaker Lexus has officially pulled the wraps off the brand new LF-SA Concept during the 2015 Geneva Motor Show, in a premiere. The brand new Lexus LF-SA Concept has recently made its public debut in Geneva after being shown over the web a few weeks back. The one-off vehicle ...
read more
Inautonews Editors Section
Geneva Motor Show 2015 – the full car guide
Geneva Motor Show 2015 – the full car guideIt can only get bigger and better. The 85th International Motor Show in Geneva will finally make its “carsy” debut on the 3rd of March. The show ...
Test Drive: Ford Tourneo Courier 1.0 EcoBoost – Serenity
Test Drive: Ford Tourneo Courier 1.0 EcoBoost – SerenityFord has been battling losses for years in its Ford of Europe business, but judging by the model lineup of the second largest US automaker you would ...
Test Drive: Renault Megane GT Line Energy 1.2 TCe
Test Drive: Renault Megane GT Line Energy 1.2 TCe Besides the Megane GT Line diesel, tested here, Renault is also offering a petrol version of the model which is using the 1.2-liter turbo. But is ...

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 Recall roundup: Dodge Durango and Jeep Grand Cherokee for fuel pump problemsFiat Chrysler Automobiles (FCA) has announced a recall covering the Dodge Durango and Jeep Grand ... Recall roundup: Cadillac ATS and Chevrolet Impala for two separate issuesThe NHTSA has added two recalls from General Motors for the Cadillac ATS and the Chevrolet Impala ...
Safety Section