What happened to Spyker
One of the saddest things a company can say in a press release is probably to announce that they are going bankrupt. This should be exactly the case for Spyker today, as the Dutch auto maker filed a petition for financial restructuring (something similar to Chapter 11 bankruptcy protection in the US), and was approved by the district court of Midden-Nederland in Lelystad, the Netherlands.
Most people know the name of Spyker from its move of taking over Saab from GM back in 2010. But it looks like running a business to build production passenger car requires a lot of capital, and expertise, which Spyker still needs improvements...
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