- Photo credits Spyker

Out of cash, Spyker goes bankrupt

The end of the adventure?

6w ago
26.6K

Losing contact with a car manufacturer over a long period of time is generally a bad sign. Unfortunately, this logic now applies to Spyker, which has not given any more news for many months. The small supercar manufacturer has officially filed for bankruptcy according to RTL Nieuws.

It is a real heart-breaker because the brand was thought to be saved by the large sums of money received by SMP Racing and BR Engineering in August last year. The launches of the C8 Preliator and especially the D12 Peking to Paris SUV already scheduled after this financial aid could have largely limited the damage.

The director of the Dutch brand, Victor Muller, announced that the manufacturer had already gone through very difficult years since the extinction of Saab. The aid promised by the two Russian companies never actually arrived. Spyker then stopped producing its vehicles and closed its internet website.

Muller has not given up and thinks that there is still a way to save his company. Indeed, the director states that it is very likely that Spyker will receive funds to be reborn. If that were the case, the brand should give priority to launching the D12 Peking to Paris SUV, the vehicle with by far the best chance of success.

Photo credits Spyker

Photo credits Spyker

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Comments (19)

  • No doubt spyker will return after the pandemic. Declaring bankruptcy means the company has gone bust but the liquidator will sell off all the assets at a reduced value. Creditors, banks and the government will loose money but whoever buys the assets will have paid a minimal sum and be able to start again at reduced costs. This is normally termed a ‘pre-pack’ but you delay restart ASAP because you ain’t going to sell any cars in a pandemic.

    Spyker will probably see the light of day again if a justifiable business model can be put together which will no doubt be an EV architecture.

      1 month ago
  • Is that really news? They've been flirting with bankruptcy since the 1900s.

      1 month ago
    • Now they’ve gone and done it!!!

        1 month ago
  • Sad news. Though a bit of a handful to drive at high speeds (in a Dodge Viper kind of way), they designed and built absolutely beautiful cars that were unique and exiting.

      1 month ago
    • 1 month ago
  • No loss to the automotive industry or market. ¯\_(ツ)_/¯

      1 month ago
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