Spyker needs more cash fast to fund Saab
Friday 01 April 2011
Dutch car maker Spyker on Friday admitted funding is tight and that Saab is continuing to burn cash faster than expected, the Wall Street Journal reports.
Spyker said in its annual report published on Friday that it is in talks on improving financing but that the 'continuity of the group will become uncertain' if its financial situation does not improve.
Spyker bought Saab last year from General Motors.
© DutchNews.nl
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