Spyker officially declared bankrupt

Automaker Spyker has been officially declared bankrupt following numerous difficult months for the Dutch brand.

Earlier in the month, Spyker entered bankruptcy protection in the Netherlands but has been unable to find the necessary funds to continue operations. Despite the announcement, the firm’s founder and chief executive Victor Muller hasn’t given up hope of Spyker surviving.

In a statement, Muller said, “None of the ambitions we had when we founded Spyker 15 years ago have vanished as a result of today’s events. In 2000 we set out to establish a super sports car business from scratch with a global distribution and we achieved that. Over the years we undertook some daring ventures that left their marks on the company which in turn contributed to today’s demise.

“However, 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,” Muller said.

Spyker has been appointed with an administrator to work through the bankruptcy proceedings.

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