Spyker loses 72.075 million euros in 2007

For such a small manufacturer of specialty vehicles, Spyker hemorrhaged a huge amount of money last year; 72.075 million euros ($113.07 million at current exchange rates), to be exact. Part of this loss was due to the sale of its Formula 1 operations, but their car-selling business managed to cost them a few million more. Money was so tight that the Dutch supercar company only managed to assemble 26 cars last year -- only two in the final quarter, despite the waiting list for their wares.

Good news is on the horizon, though, as Spyker has received a cash-infusion from Snoras Group, a Lithuanian bank (and now the largest shareholder in the company), and is again up-to-speed on automobile production. The long-wheelbase C8 Aileron, along with its new automatic transmission, is scheduled to go on sale in the third quarter of this year, while their D8 Peking-to-Paris will follow in 2009. Additionally, their racing team, Spyker Squadron, will continue its GT aspirations, though Formula 1 has obviously been abandoned. So, Spyker fans, look forward to a less-tumultuous year in 2008... we're pretty sure that it couldn't be any worse than the last.
[ Via: Autoblog (Spyker) ]
[ Tag: spyker,spyker c8,spyker c8 aileron,spyker cars,spyker d12,spyker d12 peking,spyker d12 peking-to...,spyker d12 ssuv,spyker d12 suv,spyker d8,spyker d8 peking to paris,spyker squadron,spyker-cars,spyker-d8-peking-to-paris,spyker-f1,spyker-squadron,spykerc8,SpykerC8Aileron,SpykerCars,SpykerD12,SpykerD12Peking,SpykerD12Peking-to...,SpykerD12Ssuv,SpykerD12Suv,SpykerD8,SpykerD8PekingToParis,SpykerSquadron ]

Spyker dropping C12, developing new SSUV and C8

It was simply a matter of time before the financial stresses ailing Spyker would filter their way down to product. The result is the unceremonious execution of the stillborn C12 LaTurbie and the Zagato edition. Killing off those two models enables Spyker to put more of its limited resources into two remaining models, the C8 and the upcoming Super Sport Utility Vehicle D12.

According to Spyker head Hans Hugenholtz, the C8 will remain as it's cheaper to produce and stands as the cornerstone of the ultra-niche automaker's turnaround efforts. That, and the introduction of the D12 SSUV, now delayed until the end of 2008, will hopefully return the firm to profitability.

The death of the C12 was a huge financial hit, as Spyker spent a considerable amount of cash and resources toying around with the VW-sourced 450 HP 6.0-liter W12 that now may find a home within the D12 SSUV.
[ Via: Autoblog (Spyker) ]
[ Tag: c12 laturbie,C12Laturbie,c8,d12 SSUV,D12Ssuv,spyker,zagato ]

Spyker D12 SSUV to begin production in 2009

Like one of their exotics sitting impatiently on your driveway, Spyker isn't content sitting still, so the bean-counters will just have to keep up. Despite deep financial woes troubling the company, Spyker is forging ahead with new models. Following the announcement that the new long-wheelbase version of the C8 Laviolette would be hitting the show stand at Geneva, Spyker has reportedly confirmed that the radical D12 Peking-to-Paris SSUV, possibly with American muscle, will in fact begin production next year. This confirmation, however, has only been reported by one website that doesn't cite its source and claims the news comes from an investors conference at which Victor Muller, the President of Spyker's management board, made the announcement. Unfortunately, we could find no other evidence that Spyker itself has confirmed the D12 is headed into production.
The production of the exotic sport-ute would be part of Spyker's plan to expand into emerging markets in Eastern Europe where performance SUVs are valued most among the growing upper class. Meanwhile, because half of its sales are in the United States, Spyker is also forced to cave in to demand for an automatic transmission in the C8, which is also reportedly confirmed for the fall.

[ Via: Autoblog (Spyker) ]
[ Tag: automatic,d12,peking to paris,PekingToParis,production,spyker,ssuv ]