On December 18th, the Dutch super-running manufacturer Spyker announced that it would go bankrupt. The company’s default on debt and rent was insolvent, and the previous acquisition of Saab became one of the reasons for its “injuryâ€.
Last month, a Dutch court asked Spyker to leave his local factory, when Spyker had already owed a rent of 125,000 euros. On December 2nd, a Dutch District Court ended the delay in the payment of Spyker's debt, ruling that Spyker and its joint ventures Spyker Automobielen and Spyker Events and Branding BV went bankrupt. Bankruptcy here is close to the definition of Article 11 of the US Bankruptcy Law, namely bankruptcy restructuring/protection.
Spyker was founded in 2000 and purchased the Swedish Saab brand from General Motors in 2010. After Saab fell into a shadow of arrears, several companies attempted to acquire Saab from Spyker, and Spyker hoped to find the buyer with the highest bid. In the end, Saab’s bankruptcy and reorganization failed, and it went bankrupt and liquidated. The main assets were acquired by NEVS, the Swedish national electric vehicle company owned by China National Bio-Bio Group.
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