Spyker edges near bankruptcy

Posted Tue Aug 28 2007 8:16 AM by Viknesh Vijayenthiran

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.

Reader Comments

Tue Aug 28 2007 12:38 PM
rickybobby says

it ahsame this happend to spyker
they do make some nice cars

MotorAuthority