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.
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