/Spyker Sold To North Street Capital

Spyker Sold To North Street Capital

Spyker C8 at Spyker Sold To North Street Capital

Swedish Automobile N.V., the owner of Spyker Automobile business, decided not to sell the dutch brand to CPP, because they have a better offer from American firm North Street Capital.

However, CPP will continue to offer its support in future engineering programmes, body and chassis production, and final trim and assembly of Spyker models. They had the Browns Lane plat ready for production of new Spykers, so they want to stay in business.

That said, CPP has more interesting projects at hand, even if they get nothing from Spyker. They will make the next generation all-terrain supercar, the Bowler EXR, and the recently-announced new Jensen Interceptor, as well as their usual coachbuilt and small-volume cars.

Brendan O’Toole, founder, managing director and co-owner of CPP, said: “Although a February 2011 Memorandum of Understanding between CPP and Spyker’s owner, Swedish Automobile, lapsed in June 2011, we have remained patient and discussions have continued.  Until we are informed that that Swedish Automobile is no longer willing to discuss the Spyker sale, we are still keen to progress our proposed acquisition.”

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