AUTO INDUSTRY NEWS

Spyker no longer bankrupt

Spyker no longer bankrupt image

Text: Marcus De Guzman / Photos: Spyker Press | posted January 30, 2015 12:47

Successful appeal grants new lease on life for Dutch carmaker

After being declared officially bankrupt last December 2014, Dutch sports car maker Spyker made a comeback following an appeal which made the company's bankruptcy null and void.

Immediately after Spyker was deemed broke, their bridge funding finally came through which enabled the Dutch company to file for an appeal to be returned to the moratorium of payment. The courts sided with Spyker and thus allowed the company to continue on with their operation and restructuring.

“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”, said Victor R. Muller, Spyker's Founder and CEO.

Mullter added that they could exit from the moratorium of payment of status in a matter of weeks since the company is busy in reaching an agreement with the majority of its creditors.

After the agreement has been settled, Spyker will be working on debuting the B6 Venator (pictured above) and partnering with an American company that specializes in making high performance electric aircrafts which may pave the way for Spyker in manufacturing EVs in the future.