Floundering Spyker Looks For Money from New Investors

By Brendan Moore

12.05.2007

Spyker Cars NV released a statement yesterday saying that it was considering offers from several investors after the publication of an article in the Dutch newspaper de Telegraaf that detailed Spyker’s financial woes and the interest of a potential investor.

Spyker’s statement also said that sales over the past two months had increased and that they would release more details in the near future.

The Dutch luxury sports car maker recently sold their Formula One team in October for $129.3 million USD after the team showed a loss in the first half of 2007. Spyker has just bought the team in 2006.

The public statement by Spyker made their shares jump 54% to 4.24 euros.

Spyker’s cars start at around $367,500 and go up from there. Their cars are noted for their stunning performance, power and unusual styling.

The original Spyker was started over 100 years ago by the Spyker brothers and made luxury sedans that competed with Rolls Royce. In 1914 Spyker merged with the Dutch Aircraft Factory N.V. From that moment on the Spyker logo consisted of an aircraft propeller and a wire wheel. The axiom “Nulla tenaci invia est via” – for the tenacious no road is impassable – was used by Spyker after that time. That firm went bankrupt in 1926 and the name was revived for the current Spyker in 2000, which still uses the same axiom in their corporate marketing.

We have a special spot in our collective heart for Spyker cars here at Autosavant – here’s hoping they emerge from their present difficulties shortly.

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Author: Brendan Moore

Brendan Moore is a Principal Consultant with Cedar Point Consulting , a management consulting practice based in the Washington, DC area. He also manages Autosavant Consulting, a separate practice within Cedar Point Consulting. where he advises businesses connected to the auto industry. Cedar Point Consulting can be found at http://www.cedarpointconsulting.com.

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1 Comment

  1. Spykers are mad cars, but briliant in their madness. I hope they don’t go uinder and I hope the eccentricity of their motorcars doesn’t get tossed in the dustbin in the process.

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