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Spyker declared bankrupt
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21st December, 2014
On Thursday, 18th December 2014, the District Court of Midden-Nederland,
at the request of the administrator, converted the moratorium of payment, granted to Spyker N.V. and its wholly owned
subsidiaries Spyker Automobielen B.V. and Spyker Events & Branding B.V. (collectively “Spyker” or the “Company”) on
2nd December, last, to bankruptcy. The cause for this conversion was that the committed bridge funding did not reach the
company in time. The administrator will continue his work but now as receiver.
Victor R. Muller, Founder and Chief Executive Officer said on Thursday: “None of the ambitions we had when we
founded Spyker 15 years ago, has 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.”
E&OE.
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