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.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation