Spyker exits bankruptcy protection, prepares to launch electric cars
Dutch car maker Spyker has emerged from bankruptcy protection and is now preparing for a future that includes merging with an aircraft maker and the launch of new electric vehicles. Overnight, Spyker exited from moratorium of payment protection, the Dutch equivalent of Chapter 11.
In a statement, the company said that it will now "move on and pursue our ambitious goals including the merger with Portland, Oregon based electric aircraft manufacturer Volta Volare".
Victor Muller, Spyker's CEO, said that the company is looking "forward to a bright future" and that it will "now set to build sensationally elegant and classy (electric) motorcars and electric planes for decades to come".
The company's co-founder made no mention of earlier plans to bring the B6 Venator (above and below) into production. The B6 Venator coupe and convertible were first shown off as concept cars in 2013. Spyker was founded in 1999 by Victor Muller and Maarten de Bruijn as a maker of fast, exotic cars. In 2006, the company purchased the Midland F1, but, by the end of 2007, Spyker sold the team off and it eventually became Force India. As GM grappled with bankruptcy in 2009, the American automaker sought to offload Saab.
After an initial deal with Koenigsegg fell through, the Swedish car maker was bought by Spyker in early 2010. In the deal, Spyker gained rights to the 9-3 range and Saab's Trollhattan factory, as well as a supply deal with GM for the newly developed 9-5 sedan and 9-4X crossover.
Both Saab and parent Spyker ran out of cash in 2011. Potential deals with a bevy of Chinese automakers were laid to rest when GM refused to renew its licensing deals if Chinese backers were involved. Spyker filed for bankruptcy protection in December 2014.