Zeewolde, The Netherlands – With the sale of its sports car business pending, Spyker will concentrate solely on Saab, which has received an additional order for 630 vehicles from its Chinese partner Pang Da. Hans Go, CFO of Spyker, will step down as statutory director of Spyker effective July 1, 2011.

The Spyker sports car business is under planned sale to former chairman Vladimir Antonov.

The office of CFO for Spyker will be assumed by the new Saab Automobile CFO, whose appointment will be announced later this year. The Spyker CFO position will temporarily be occupied by Rob Schuyt, who is also temporarily acting as Saab Automobile CFO and was recently appointed a statutory director of Spyker. Hans Go will remain involved as an advisor until the end of the year to support various transitional projects within Spyker and Saab.

The company also announced that Pang Da has placed an additional order for 630 Saab vehicles, valued at €15 million. The new order is on top of the 1,300 cars previously ordered. Both orders are part of a broader tentative agreement between Spyker and Pang Da that was signed on May 16, 2011. As with the initial €30 million order, Pang Da will pay the additional order up front, with Saab expecting to receive the funds this week. Delivery of the vehicles will start this fall.

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