Boosted SAABs?
Posted: Fri Feb 25, 2011 2:06 pm
SPYKER SOLD TO SUPPORT SAAB
Spyker is in the news again. Last year it took on the failing Saab brand and now Bloomberg reports the tiny Dutch automaker is selling its sports car unit to a Russian businessman in an effort to reduce its debt. Vladimir Antonov – no relation to the Ukrainian aircraft manufacturer . . . that we’re aware of – is a former chairman and shareholder of Spyker. He’s paying 15 million Euros – roughly $21 million – for the company’s supercar division, which sold just 36 cars in 2009. But to be fair they were 36 really, REALLY expensive cars. Spyker is doing this to help its balance sheet which will cut its interest payments and to focus more of its limited resources on resuscitating Saab.
http://www.bloomberg.com/news/2011-02-2 ... -debt.html
Spyker is in the news again. Last year it took on the failing Saab brand and now Bloomberg reports the tiny Dutch automaker is selling its sports car unit to a Russian businessman in an effort to reduce its debt. Vladimir Antonov – no relation to the Ukrainian aircraft manufacturer . . . that we’re aware of – is a former chairman and shareholder of Spyker. He’s paying 15 million Euros – roughly $21 million – for the company’s supercar division, which sold just 36 cars in 2009. But to be fair they were 36 really, REALLY expensive cars. Spyker is doing this to help its balance sheet which will cut its interest payments and to focus more of its limited resources on resuscitating Saab.
http://www.bloomberg.com/news/2011-02-2 ... -debt.html
