Saturday, 1 October 2011

Spyker Sports Cars Sold to American Private Equity Firm

Spyker Sports Cars Sold to American Private Equity Firm:

2010 Spyker C8 Aileron


UPDATE: We’ve got an interview with the new owner! Check it out here.


Swedish Automobile, the troubled company that owns Saab and Spyker, has sold the Dutch half of its business to a Connecticut-based private equity firm, according to news just posted on the Financial Times website. At this point, neither Swedish Automobile nor the investment firm, North Street Capital, has released any terms of the deal.


For the past several months, Swedish Automobile had been negotiating to sell Spyker to a Russian/British group funded by the Russian investor Vladimir Antonov. Those talks have fallen apart, and Antonov and his colleagues recently announced plans to resurrect the Jensen Interceptor as a boutique sports car. Regardless of the buyer, the sale of Spyker will be good news for Swedish Automobile, which desperately needs cash to help dig Saab out of bankruptcy.


We’re investigating, and will bring you details when they’re available.



Source : Google Reader

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