Spyker’s new CEO resigns, F1 team could be up for sale

dannyboy2 submitted on 08/14/2007 Official AutoSpies Timestamp: 11:43 PM
from: www.motorauthority.com

[14] user comments | category: Misc News

Tags: Spyker

Spyker

Spyker’s interim CEO Michiel Mol has stepped down from the role and will be replaced in the meantime by vice-chairman of Spyker’s supervisory board, Hans Hugenholtz. Mol replaced former CEO and the founder of the Dutch sports car company Victor Muller back in May but his decision to resign from the top job could be more of a strategic move rather than one made from frustration.

New reports suggest that Spyker might sell its Formula One team as part of its financial restructuring plan, and Mol is tipped to be the new buyer. However, to do so, he’d have to step down from the position of CEO and director to prevent a conflict of interest. Read Article

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richardp996 - 8/15/2007 2:58:27 AM

+1 Boost

I saw this coming a thousand miles away when it was rumor that Spyker was joining the Formula 1 ranks.

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Corsis - 8/15/2007 3:21:12 AM

+1 Boost

Hope they get it all figured out. IMO Spyker has some of the most beautiful cars out there.

Their F1 team is a complete joke on the other hand.

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SevorbeupstryIsBack - 8/15/2007 3:34:33 AM

+1 Boost

Big problems ahead at Spyker.

The fact is that Spyker cars don't sell. They just don't.

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528i - 8/15/2007 4:20:32 AMView My AgentSpace

-1 Boost

audi should buy it.

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Will_ - 8/15/2007 7:32:41 AM

-2 Boost

Confirmed: Hyundai has bought it.

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M53R - 8/15/2007 10:43:32 AMView My AgentSpace

+2 Boost

I dont see the word 'Toyota' anywhere on this thread, so please keep it out.

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SevorbeupstryIsBack - 8/15/2007 11:09:19 AM

+1 Boost

When they find the talent they need.

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MaindrianPace - 8/15/2007 10:49:27 AM

-1 Boost

There really is little point in any of the top flight manufacturers buying the old Jordan team. Their facilities basically need knocking down and rebuilding, and aside from Mike Gascoyne they'd need to hire all-new staff anyway. The only think Spyker have going for them is the proximatey to Silverstone Track.

BMW bought Sauber (who were more competitive then Jordan/Midland/MF1/Spyker have been) and after 18 months are still upgrading and expanding the team.

If a company like Audi (I'm sure we all want to see Audi in F1) were to enter the game they would be better off starting from scratch! (and not letting Ex-Toyota F1 driver Alan Macnish drive the car!)

Ferrari should take Spyker on as a B-team, rather than just a customer team. From all accounts Mclaren is going to do it with Pro-Drive, Ferrari's other customer team ( STR ).. are already the Red Bull B Team... Honda has Super Aguri.... might make sense for the Italians!

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MaindrianPace - 8/15/2007 10:50:32 AM

-1 Boost

excuse my terribl spelling in that last post BTW!

JUGNU - 8/15/2007 12:02:21 PMView My AgentSpace

0 Boost

Spyker's main sponsors are from Dubai(UAE)

Ethihad Airlines group and Aldar builders group.

i mean Finance shouldn't be an issue.Tehn went wrong

JUGNU

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