Spyker courts European investors
If you're a regular reader here on Autoblog, it should come as no surprise that Spyker is in deep financial trouble. The exotic Dutch carmaker was forced to sell off its F1 team, cancel the production of the C12 Zagato supercar and even mortgage its own name.
Never content to go quietly into the night, however, Spyker is on a campaign to raise funds. The latest endeavor has been to court European investors, but negotiations with Lichtenstein-based ACI recently fell through after an initial agreement was signed.
According to reports, Spyker is now in negotiations with Snoras Group, a Lithuanian bank, to fund and potentially acquire stake in the Dutch automaker. Spyker says it has a few other possibilities on tap, and hopefully one of them will come through to rescue the company and its beautifully quirky automobiles.
[Source: Motor Authority]
Reader Comments (Page 1 of 1)
Random Task 8:15AM (12/13/2007)
Answer to a question no one asked.
Reply