The best car collection... in the world?
Some multi-millionaire venture capitalists buy boring yachts. Luckily, Gerard Lopez isn’t one of them
Posted: 12 Jul 2012
There are other revelations. As we start discussing the car industry, we're well into a Saab conversation before I twig that it was Genii, along with a certain Mr B. Ecclestone, that was briefly in the frame as a potential suitor for the Swedish company.
"Buy a car company? There are two reasons to do it," Lopez begins. "You'd buy it for its sales and P&L [profit and loss], and for its assets. If you can keep the company cash-flow neutral and build up its assets, you're making money, even if it doesn't show at the end of the year. I think that's what might have happened at Saab. It was high mid-market, and a well-accepted brand in the US with good credentials in innovation, safety and performance. Having a recognised brand is one of the key things."