Spyker edges near bankruptcy

Part of HighGear M E D I A

Lexus Rocks the F-Sports at SEMA 2009

Viknesh Vijayenthiran August 28th, 2007

By Viknesh Vijayenthiran Author August 28th, 2007

Articles Contributed: 3143
Comments Posted: 0
Leaderboard Rank: N/A

200 Views
1 Comment

December 31st, 1969 Two major creditors for Dutch carmaker Spyker have requested that the company and its Formula One racing team be declared bankrupt and are currently seeking legal action to retrieve money they claim are owed. The creditors include a Zürich insurance company and a private individual, who have told AD that they’re owed a combined €345,000. Earlier this month, Spyker’s interim CEO Michiel Mol stepped down from the top job, as did former CEO and founder Victor Muller back in May. However, it’s thought that Mol resigned so that he would be free to make a bid for Spyker’s F1 team. Spyker’s F1 unit has also reportedly suspended its chief designer John McQuilliam. Though the decision remains a mystery, Autosport claim that it’s likely to be because of the failure of the team’s B car to pass recent crash testing prior to the Turkish GP.

Spyker edges near bankruptcy

Enlarge Photo

Two major creditors for Dutch carmaker Spyker have requested that the company and its Formula One racing team be declared bankrupt and are currently seeking legal action to retrieve money they claim are owed. The creditors include a Zürich insurance company and a private individual, who have told AD that they’re owed a combined €345,000.

Earlier this month, Spyker’s interim CEO Michiel Mol stepped down from the top job, as did former CEO and founder Victor Muller back in May. However, it’s thought that Mol resigned so that he would be free to make a bid for Spyker’s F1 team.

Spyker’s F1 unit has also reportedly suspended its chief designer John McQuilliam. Though the decision remains a mystery, Autosport claim that it’s likely to be because of the failure of the team’s B car to pass recent crash testing prior to the Turkish GP.

Tags: Industry