Spyker Cars
Muller and Maarten de Bruijn founded Dutch car company Spyker Cars in 2000, renewing the Spyker name which had been used surrounding car production in the 1920s. Muller was the CEO of the company until May 16, 2007, when he was succeeded by Michiel Mol. Muller continued to work for the company as chief designer for a period, but returned to the CEO seat later the same year, due to the split up between Spyker Cars and Spyker F1 (later Force India) while Mol continued as CEO for the latter.
Muller was found guilty of sharing insider information in 2007. He sent an email to bank Theodoor Gilissen, requesting they not sell shares used as security for a personal loan. In the email Muller stated that Spyker would soon release a favourable press-release, which would increase the value of his shares. Victor Muller was initially fined €96,000. The fine was reduced in May 2012 to €11,400.
Read more about this topic: Victor Muller
Famous quotes containing the word cars:
“The reason American cars don’t sell anymore is that they have forgotten how to design the American Dream. What does it matter if you buy a car today or six months from now, because cars are not beautiful. That’s why the American auto industry is in trouble: no design, no desire.”
—Karl Lagerfeld (b. 1938)