Spyker cars sold to US private equity firm

29th September 2011, Comments 0 comments

Swedish Automobile has announced plans to sell its Spyker sports car to US private equity firm North Street Capital. The deal, which is still provisional, is said to be worth around 32 million euros.

Spyker was a Dutch company which bought the ailing Swedish car manufacturer Saab from General Motors to form Swedish Automobile.

Saab was granted bankruptcy protection last week after suffering serious debt problems which meant it was even unable to pay some of its workers’ wages.

Swedish Automobie's CEO Victor Muller, who will remain in charge of Spyker, said the prospective sale would . It will not affect Saab. 

The deal follows the collapse of talks with the UK-based, Russian-owned company CPP Global Holdings. 

Swedish Automobile is also awaiting Chinese government approval to buy two Chinese car companies. 

© Radio Netherlands Worldwide

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