Spyker continues to swirl the drain as a Dutch court has determined the company has failed to pay their quarterly rent since the first quarter of this year.

Spyker continues to swirl the drain as a Dutch court has determined the company has failed to pay their quarterly rent since the first quarter of this year.

The landlord wants the company evicted but the court decided Spyker can either pay the landlord or vacate the facility and pay €152,020 ($188,137) plus fees and interest until the debt is paid off.

That doesn't sound too promising but Spyker CEO Victor Muller told Jalopnik "This creditor, the landlord, was unwilling to wait any longer so he went to court. We expect funding in a matter of days and then we will pay him. We then either stay in the building or move to the adjacent building which we own." He added, "Either way we are fine."

As you're probably well aware, Spyker has been running into a lot of financial problems lately. A large portion of the company's assets were scheduled to be auctioned off in July but they managed to settle their tax debts before the auction took place. There have also rumors that the company has stopped paying their employees until their financial situation improves.

 

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