After failing to line up new funding, Dutch sports car manufacturer Spyker has been declared bankrupt and put into receivership.
It was the final shoe to drop for the company that attempted to revive Sweden’s Saab, only to have that operation also collapse in 2011, its assets sold off the following year to a Chinese consortium.
“This is not the end. It is not even the beginning of the end,” proclaimed Victor Muller, Spyker Automobielen BV founder and CEO, quoting Winston Churchill. “I will relentlessly endeavor to resurrect Spyker as soon as practically possible.”
Founded in 2000, reviving a long-gone Dutch auto brand, Spyker attempted to create a line-up of expensive, limited-edition sports cars. But it tried to go mainstream with the 2009 acquisition of Saab, only to have that effort fail catastrophically. A shift back to the original Spyker brand didn’t fare much better.