Breaking: Spyker sold to North Street Capital

Article by Christian A., on September 28, 2011

It was announced today that Swedish Automobile, parent company of Saab and Spyker, sold Spyker to North Street Capital, a Connecticut-based private equity firm, for about 32 million euros (about $43 million). At this moment, neither Swedish Automobile or the investment firm didn’t want to release any terms of the deal.

Still, it was not a secret that Swedish Automobile wanted to sell Spyker as during the summer it announced that it was negotiating with a group funded by the Russian investor Vladimir Antonov. Apparently the talks collapsed and the group funded by Vladimir Antonov announced that it will resurrect the legendary Jensen interceptor.

Although these news are not quite good for the fans of the Spyker sports cars we must see the bright side: the money received for Spyker will be seen as a mouth of fresh air for Swedish Automobile, which desperately needs cash in order to help Saab dig out bankruptcy. Of course, North Street Capital has a lot of work with Spyker because the Dutch manufacturer didn’t sold too many cars.

According to Financial Times, Spyker is currently unprofitable and sold only 36 cars in 2009. The firm didn’t reveal the numbers for 2010 but don’t expect to see any improvement. Vladimir Antonov said earlier this year that Spyker produced zero units in 2010… so it appears that Spyker needs some money, new products and a new marketing team in order to become a successful company!

Topics: spyker

If you liked the article, share on:

Comments

Recommended

Is there anything more exciting than a spoiler? Well, for those who didn't know, there are those who have already seen the Mercedes-AMG Project One (in the flesh) way before...
by - April 25, 2017
Does the Honda Passport ring a bell to you? This was the first ever SUV that was sold by the Japanese automaker, but it was not that successful compared with...
by - April 25, 2017
Wagon buyers who prefer their vehicle to be luxurious, you will have an entirely brand new selection at the latter part of this year. Porsche will start rolling out 4...
by - April 25, 2017
McLaren rejects the idea of creating anything other than a sports car. That means that vehicles that would be ideal for families such as an SUV or a crossover are...
by - April 25, 2017
The new and improved Opel Grandland X is out, and this large SUV is something the European market did not know they would need. Now measuring at 14.7 feet (4.48...
by - April 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries