Michiel Mol has announced that he will step down as CEO of Spyker. In the meantime, Hans Hugenholtz, vice-chairman of Spyker’s supervisory board, will act as CEO. Mol replaced Victor Muller, founder and former CEO of the Dutch comapny, in March.
Spyker has had some credit worthiness issues as of late, and there have been reports that the company will sell all, or at least part, of its Formula One team in hopes of becoming financially stable. Mol is actually the top prospect to buy the racing team and it is believed that he is stepping down as CEO to avoid a conflict of interest.
While Spyker has made a small profit over the last year or so, the company might have taken on too lofty of goals. Spyker, who sold fewer than 100 cars last year, has been balancing running an F1 team with delivering the 300 cars promised to customers this year, including new models that have yet to be developed. Credit worthiness fears have also seen the company increase funding to secure short-term loans. Spyker is expecting to make a loss this year.
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08/15, 8:33 AM
posted by:
Deanster
What a shame, I hope this awesome company financially stabilizes. I hear their car is astounding (uses the 420 hp Audi V8).
08/15, 10:44 AM
posted by:
jamaicandude
Yeah, and the car looks great too. The F1 team is still bringing up the rear in competition though. I think they need better results if they really wanna attract investors.
08/15, 11:18 AM
posted by:
sik59rt
i didnt think a small company could afford to compete in F1 with teams like McLaren/Mercedes, Ferrari, RedBull, Toyota, Honda….and they havent even scored 1 point even w/ a Ferrari engine. i guess Ferrari gives Spyker and STR their ****ty/old engines
08/15, 12:11 PM
posted by:
55amg
well i saw top gear, the car’s handling is bad. I dont like spykers anyway
08/15, 12:33 PM
posted by:
Jordan
this car is completely worthless next to the might of the chevy corvette z06. why would anyone want to drive a dutch car with horrible reliability issues when they could drive a gm vehicle that will never break down and is top of its category?
/sarcasm
/1487_GM_SALES
08/15, 12:35 PM
posted by:
Blakkarr
A funky, fancy, car for those with deep pockets but not much else. In a decade or two, this could be a bad-ass company but for now, it’s just not what I would be looking for.
08/15, 1:02 PM
posted by:
Commodore
Very good Jordan. Are you sure your not him?
08/16, 5:30 AM
posted by:
Saud
Well, there goes another exotic company down the drain… wonder how long Fisker’s gonna last
08/16, 10:02 AM
posted by:
LamborghiniZ
I dont think this means they are “going down the drain”