Spyker loses 72.075 million euros in 2007

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For such a small manufacturer of specialty vehicles, Spyker hemorrhaged a huge amount of money last year; 72.075 million euros ($113.07 million at current exchange rates), to be exact. Part of this loss was due to the sale of its Formula 1 operations, but their car-selling business managed to cost them a few million more. Money was so tight that the Dutch supercar company only managed to assemble 26 cars last year -- only two in the final quarter, despite the waiting list for their wares.

Good news is on the horizon, though, as Spyker has received a cash-infusion from Snoras Group, a Lithuanian bank (and now the largest shareholder in the company), and is again up-to-speed on automobile production. The long-wheelbase C8 Aileron, along with its new automatic transmission, is scheduled to go on sale in the third quarter of this year, while their D8 Peking-to-Paris will follow in 2009. Additionally, their racing team, Spyker Squadron, will continue its GT aspirations, though Formula 1 has obviously been abandoned. So, Spyker fans, look forward to a less-tumultuous year in 2008... we're pretty sure that it couldn't be any worse than the last.

[Source: Spyker (.pdf link) via Automotive News]

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