The Dutch sports car maker is to sell its loss-making Formula One team to businessman Vijay Mallya for $123 million.
The management of the Spyker Formula One Team was handed over to the new owners Orange India Holdings, a consortium that includes Indian businessman Vijay Mallya.
Spyker's director of Formula One, Michiel Mol, has teamed up with Vijay Mallya to make a Euro 90 million bid for the cash-strapped team.
Indian businessman Vijay Mallya has teamed up with Spyker's director of Formula One, Michiel Mol, to make an 80 million euro ($109.3 million) bid for the cash-strapped team.
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