Spyker declared BANKRUPT

Dutch car maker Spyker has been declared bankrupt after failing to get the funding it needed to continue after courts gave it protection from creditors.

It’s been a long time coming, but despite the best efforts of Victor Muller Spyker seems finally to run out of options to survive and has been declared bankrupt.

The new follows temporary court protection from its creditors to allow funding to be put in place, but that hasn’t been successful, and nor was Spyker’s attempts to get GM to cough up compensation for its Saab saga or, it seems, Spyker’s attempt to sell bonds to raise funds.

It means the end of a fifteen year effort to raise the formerly defunct Spyker brand, which has included a foray in to F1 and the purchase of Saab and, more recently, the new Spyker B6 Venator which did look like it had a chance if it ever got to market. That now seems highly unlikely.

But Victor Muller is still bullish and declares Spyker will be back with a new company – and electric cars.

Victor Muller said:

I would like to make clear that as far as I am concerned “this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning” to quote Winston Churchill.

I will relentlessly endeavour to resurrect Spyker as soon as practically possible and, assuming we will be successful, pursue our goal to merge with a high performance electric aircraft manufacturer and develop revolutionary electric Spykers with disruptive sustainable technology.

Somehow, we rather expect Muller – and Spyker – to be back with more extravagant promises before the dust settles on Spyker’s bankruptcy.