Silk Fau debt 19 million euros. VIDEO Reggionline – Telereggio – Latest News Reggionline |
In the minutes of the shareholders’ meeting on December 16, crisis figures. The company invested 28 million, but the geopolitical context undermined the foundations of the project
Reggio Emilia – on 19 million debts and a deficit in 2021 of 4 million and 300 thousand eurosOr: numbers Faw Silk Crisis (now Silk Sports Car) They are far from the major instabilities Reggio has seen in recent years. On the other hand, it was headed by the American financier Jonathan Crane It is a startup, as they say today, that is, a company in the startup phase. The application for the application of safeguards for the assets deposited in the court on March 6 coincides with the end of the project Building electric and hybrid luxury cars in Reggio. The financial crisis had been fully rife for some time, and it was met with a barrage of injunctions issued by the courts at the behest of suppliers and employees.
Not that Crane and his cohorts didn’t try it. made the company Investments of 28 million euros In 2021, costs of 7 million were incurred, mainly for employees. He bought a piece of land on which he intended to build the factory, with a payment of 1,430,000 euros. It made advances for other land for 3.6 million euros and paid 173,000 euros for building permits.
But the geopolitical context, according to the minutes of the shareholders’ meeting on December 16, undermined the project: suffice it to say that the sale of luxury cars produced in the West in China is hampered by the duties imposed by Beijing. Thus, Western investors did not finance the project, while the joint venture with the Chinese giant FAW was never born.
The parent company is Silk Sports Car Company Holdings Ireland LimitedKrane, the Irish holding company, first paid out nearly €27m of equity capital and then, last year, another 9.5m as future capital increase. But this is not enough. Thus, 19 million debts remain on the table, of which 16.6 are debts towards suppliers. On the other hand, there are no debts to banks, which may not have been involved or did not believe in the project.
Reggio Emilia Debts balance faw silk
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