Supercar makers Spyker bankrupt

Idiosyncratic Dutch supercar maker Spyker has declared bankruptcy. The company was already in administration and missed the deadline to secure funding.

Spyker Cars was founded by Victor Muller in 1999, reviving an old Dutch that disappeared in the Twenties. The luxurious, eccentric C8 supercar was launched in 2000, which became the mainstay of the the Spyker range.

Several variations on the theme followed, including a long-running, if unsuccessful, GT2 racing version. There was even a short-lived foray into Formula 1, when Muller bought the former Jordan team from Midland Racing. In project only lasted a single season, before the squad was bought-out by Vijay Mallya, becoming Force India.

In 2010, Spyker bought the remains of Saab from General Motors, but production ended shortly afterwards and bankruptcy followed in 2012.

Spyker Cars itself was facing its own troubles during the Saab debacle and a sale was agreed with Russian banker Vladimir Antonov, but that fell through. Then in 2012, Chinese automaker Youngman acquired a 29.9 per cent stake.

The future was looking bright and in 2013 Spyker unveiled the C6 Venator, a £125,000 rival to the Porsche 911, at the Geneva Motor Show. It may well have been this hugely ambitious program that pushed the company over the edge.

Muller said: “None of the ambitions we had when we founded Spyker has vanished as a result of [these] events. Over the years we undertook some daring ventures that left their marks on the company which in turn contributed to today’s demise.”

“This is the moment to express my gratitude to our customers, dealers, suppliers and of course our employees and board,” he added. “Their loyalty and support was vital to build the brand the past decade and a half.”

Muller went on to say he hopes to bring Spyker back from the dead in conjunction with an electric plane manufacturer, to produce an electric car with “disruptive, sustainable technology.”

Watch this space.

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