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Spyker CEO resigns
Topic Started: Aug 15 2007, 11:31 AM (117 Views)
Mrs Shrek
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Forum Ogre
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Recent press reports said the Dutch marque was on the verge of financial collapse, including the projection of a substantial loss in 2007.

The Dutch news agency ANP on Tuesday added that CEO Michiel Mol, having only recently taken up the position, has now departed, to be replaced by Hans Hugenholtz.

Several potential buyers are interested in the formula one team, ANP said, including Mol, who could not be contacted for comment.

To the Dutch magazine Formule 1 Race Report, Hugenholtz played down suggestions that even Spyker's short-term liquidity is in doubt.

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A lot of big changes happening at Spyker, is it just a short term cash flow problem, or are there bigger issues?
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TheCompleteGuitarist
Driver
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Looks like Gazza is going to be out of a job again AND once again before his work gets a chance to prove itself.
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Paul_Murtagh
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Chief Engineer
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I think Mol is planning to buy Spyker and run them as a private team. But whether he is allowed to keep the Spyker name is unsure
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