Following the shock bankruptcy announced on 18th December 2014, Spyker has announced their survival is now more certain in an extraordinary turn of events.
The Dutch car maker was declared bankrupt due to promised bridge funding failing to materialise. An administrator then filed for the company to be ruled bankrupt. Spyker’s founder and chief executive, Victor R Muller, said:
“On December 18th, last, perhaps the blackest day in our 15 year history, I announced that as far as I was concerned, this was not the end and we would live up to our commitment to relentlessly endeavour to resurrect Spyker as soon as practically possible. But even I could not foresee at the time how quickly and unscathed Spyker would emerge from a situation which usually heralds the end of an era.”
Just days later and after a likely very glum Christmas, on 29th December 2014 the bridge funding was suddenly secured and an appeal was put in motion to annul the bankruptcy.
The bankruptcy order has now been overturned by an appeals court, meaning Spyker can return to business as usual. Spyker will remain in a temporary, “moratorium of payment,” which the company hopes to exit within a couple of weeks. Muller added:
“Following that exit we will forthwith pursue the execution of our plans which include the introduction of the Spyker B6 Venator, our entry-level luxury sports car which will give a larger audience access to the Spyker brand, and the merger with a US based manufacturer of high performance electric aircraft, the exciting new sustainable and disruptive technologies of which will find their way into full electric Spyker cars in the foreseeable future. I again wish to express my gratitude to our customers, dealers, suppliers and of course our shareholders, employees and Board. Their loyalty and support was vital to build the brand over the past decade and a half and has now proven invaluable to achieve the overturning of the bankruptcy ruling and subsequent exit from moratorium so we can continue building our business for many decades to come.”
The comment reaffirms Spyker’s intent is to build electric cars – most likely sports electric versions of its petrol powered models.