Though it might not affect the average person at all, quirky car enthusiasts everywhere will be lamenting this: Spyker may have just bought the farm. Due to Saab’s recent bankruptcy, parent company Swedish Automotive NV (Swan) is considering dissolving Spyker after Swan’s three chairpeople resigned over a funding conflict.
Swan’s CEO Victor Muller apparently disagreed with his fellow board members and this is the result. Currently the holder of a single priority share in Swan believed to be Vladimir Autonov is eligible to choose the replacement board members.
Swan began negotiations to sell Spyker for $41 million last September, but now says that this is not enough to keep Swan alive, therefore if they do not find additional funding, Spyker will go down the tubes in a (forgive me) Saabing Swan dive.
– By: Sawyer Sutton