Spyker shares rocket after Reuters interview

Shares in Spyker Cars, the loss-making Dutch sports car maker that bought much larger Saab this year, surged as much as a third on Dec. 20 after the company’s Chief Executive told Reuters late on Dec. 17 that the firm was close to announcing a distribution partner for importing Saab cars into China. The stock rose strongly but then jumped 33 percent after the company confirmed that Saab Automobile will team up with CATC to import Saab cars for the China market. “It is good news for Spyker being able in time to sell cars in the other regions,” Tom Muller, senior analyst at Theodoor Gilissen, says. “The stock has speculative appeal and more so if some partnering deals are being closed.”