BUSINESS
OUT OF GAS
Inklingcraft declares bankruptcy, automotive company now fully in the hands of the Squidroidian government
An eventuality that only took this long to get to, Spartansburg based automotive company Inklingcraft has filed for bankruptcy, unable to stop a financial bleeding that has affected all branches of the company. As a result, the Squidroidian government, still headed by Leader Higa Takanori even with rumors swirling of his health on the decline, has seized 100% ownership of the company and Squidroidia's largest auto maker is now fully private. At least 200 people were laid off of their jobs at the Spartansburg plant as a result.
The revelation comes as many eyes are glued to the home stretch of World Cup qualifying for the Squidroidian national team, with plenty of Inklingcraft ads, selling the Splattershot car and Kracken truck to millions of Squidroidians every time the Inklings play, plastered in the stadium and on television. With this, some of those ads will be cut from Squidroidian national team matches for the time being. The company will still be present in the stadium, but not to the extent that it usually was before the bankruptcy.
This whole ordeal stems from the Maroon IC badge and the failure of their Team Squidroidia effort for the IBA World Cup of Motorsport, with the motorsport division, also comprising of the Singularity NSSCRA Multiversal Cup team, working tirelessly on an entirely new open-wheeled car with Daryl Mizushima at the helm and marketing spending millions of Yen on a massive push to sell their cars overseas. But yet, as the World Cup of Motorsport never went underway, and with every passing week of not so much as a schedule coming out for the championship, the challenger sat dormant in its shop at Spartansburg, all that money wasted for an effort that never saw the light of day. That was the big strain that ultimately led Inklingcraft down the hole to bankruptcy, having never had a chance to expand overseas.
With the government at the helm, restructuring efforts have been taking place to help get the struggling automotive effort back on track. For at least one season, the Singularity team, with Shigeru Ishikawa driving the #40, has gone on hiatus, with Spartansburg Speedway confirmed not to seek a Multiversal Cup date, even with turnout high for the Round of 12 cutoff in the Chase for the Multiversal Cup. Effectively, the motorsport division has been reduced to a bare-bones skeleton crew, with no announcement of even a WGP2 team on the cards as the company gets out of its slump. Inklingcraft will still support local racing efforts, however, and it is unlikely that Daryl Mizushima will not compete in a 3rd WGPC season, as he is not affiliated with Inklingcraft.
For now, anyways, the company has decided to bet big on electric, with a gas-powered vehicle ban within the next 10 years imminent from the Squidroidian government. "An electric Splattershot for every 5 Squidroidians will go a long way in helping for a greener Squidroidia," says a company spokesperson. "Inklingcraft has been looking at electrifying its entire lineup of automobiles within the next 8 years, and efforts can include a push into an all-electric stock or open-wheeled car for the future. With rail and bus transport increasing, we feel like it's the step we have to take to recover this company."
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