Spyker loses €72 million in 2007

Posted Fri Mar 28 2008 11:39 AM by Viknesh Vijayenthiran

Dutch supercar company Spyker has had a tumultuous past year. After buying a F1 team and joining the backmarkers on the grid, it ran into financial trouble and was forced to refinance the company. The F1 team was eventually sold to an Indian businessman and Spyker was forced to drop plans for a number of models including its stunning C12 Zagato supercar.

The full scale of Spyker’s misfortunes have now been revealed with the announcement today the carmaker lost €72 million in 2007, up from a loss of just €1.3 million the year before, Reuters reports. Blame for the losses were centered on the carmaker’s unsuccessful F1 attempt and several parts supply problems.

Spyker hasn’t given up just yet. Officials are planning an aggressive expansion strategy that will see a sharp rise in the number of dealers worldwide, especially in new markets such as China and Russia, as well as the launch of the new D8 Peking-to-Paris SSUV planned for early next year.

Pictured above is Spyker’s latest model, a LWB version of its C8 supercar that debuted earlier this month at the Geneva Motor Show and is set to go on sale in the third quarter of this year.

Reader Comments

Fri Mar 28 2008 5:41 PM
rnsaza says

Eina! My advice would be to sell to Tata
Fri Mar 28 2008 7:12 PM
Steve burns says

What a bunch of dummies. They shoulld close the doors now, or get someone with a brain to run the company. How many millions does that work out for each car they have sold?
Maybe they could add another $100,000 to each car so they could lose that two.
Obviously, they dont know what they are doing.

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