Spyker Cars, a Dutch luxury car maker, has posted a 72M Euros loss for 2007. The cause, they say, was in the sale of their Formula One and car business as well as GT racing activities. According to CEO Victor Muller, “2007 was a dramatic year, the likes of which the company had never seen before and which we would like to leave behind us as soon as possible.”
This year maybe better. The company has also received a loan and capital contribution from Snoras Bank in Lithuania resulting in a remarkable turnaround in the first quarter. According to them they were able to produce 12 cars and sell 18 this first quarter and they’re expecting even better sales in the next one. On the third quarter, the Spyker C8 Aileron model will go into production.
1 Comment to Spyker Going Up
[...] just talked about Spyker a few weeks ago, where 2008 would be the best year for them after they secured a good loan from the bank. However, one chief officer from the said [...]