Spyker founder sorry to see his baby go
The Dutch entrepreneur who started supercar manufacturer Spyker from scratch eight years ago has said he was sorry to see his baby go, but has said it had to be done to allow it to grow.
Victor Muller sold the company last week in order to raise funds for his new pet project, Swedish car maker Saab.
He is pragmatic about the sale, however, saying there were only two options: "One was to keep it and let it simmer in the background, the other was to sell it a man who has been the best supporter the company ever had. Do I like to see my baby go? No, but it will now flourish."
Russian billionaire Vladimir Antonov bought Spyker for £32m, and the cars will continue to be built in Coventry via the businessman's CPP firm.
Muller has revealed, however, that it was his idea to sell up: "It was me who put the suggestion to the board. Unlike Saab, Spyker had no fully-funded business plan."
The money will be used to offset some of the firm's debts and to move forward with new cars such as the 9-3 replacement, which will be based in part on the surprise concept revealed at the Geneva motor show, the Phoenix.
Saab chief executive officer Jan Ake Jonsson, who describes the Phoenix as 'provocative and daring' says the significance of the concept is the new platform it is built on: "This architecture will underpin the next generation 9-5 and 9-3, and it could also be the basis of a future 9-4X."
The current Saab range is still based on previous owner GM's technology, so the next 18 months will be a key period as the firm seeks to assert its independence.