Spyker board members quit   

By The Holland Times Wednesday 18 January 2012, 11:01

Several board members of Swedish Automobile (Swan), owner of struggling car maker Saab have resigned citing dsagreements over funding alternatives following Saab's recent declaration of bankruptcy.

"The decision to step down was made as a result of a difference of opinion with Swan's CEO Victor Muller as to the funding alternatives available to Swan after the recent bankruptcy of Swan's subsidiary Saab Automobile AB and the future of Swan and its remaining subsidiary Spyker," Swan said according to AFP news agency.

Hans Hugenholtz, Maurizio La Noce and Alex Roepers have resigned from Swedish Automobile's supervisory board. Rob Schuijt has also left his position on the company's management board. 

Muller has responded to the resignations with assurances that a possible sale of the Spyker business is still being discussed. In a statement, he said, "Retaining the Spyker business under Swan and expanding that business through acquisitions is an alternative we are considering."