Dutch sports car maker Spyker has filed for financial reorganization, similar to Chapter 11 bankruptcy, in a bid to stay afloat amid what it calls, “short-term operational and liquidity challenges.”
The company made the announcement Tuesday, petitioning for a surseance van betaling, a temporary moratorium of payment.
“Spyker has faced a number of serious difficulties and challenges resulting from, among others, the legacy of the F1 era and the acquisition of Saab Automobile AB,” Spyker founder and CEO Victor Muller said in the statement.
He went on to say Spyker is working on getting the B6 Venator into production, as well as production for a less expensive sports car and a merger with, “a US based manufacturer of high performance electric aircraft, the exciting new sustainable technology of which will find its way into future Spyker automobiles.”
Earlier this year, Spyker avoided an auctioning of some of its assets by reaching a deal with tax authorities in the Netherlands. It has tried to move on past the whole Saab debacle of roughly three years ago, but the company has been unable to keep its cash problems under control.
Photo Gallery
