Dutch supercar maker Spyker rescued from bankruptcy after a decade of struggle

Dutch supercar maker Spyker has been rescued from bankruptcy after a decade of struggle.

The company was first founded back in 1880, but has navigated a rocky road since then.

After going out of business in 1926, it was brought back in 2000 by entrepreneur Victor Muller.

But since then, the company has veered close to the edge several times.

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Spyker has now been rescued from bankruptcy

When Muller revived Spyker back at the turn of the century, he sought to reinvent it as a high-end brand.

The C8 Spyder was its comeback car, set apart by its scissor doors and steampunk interior, and powered by a 4.2-liter V8.

But despite the bold designs, financial success didn’t always follow.

After purchasing Saab from General Motors in 2010, Spyker was pushed into bankruptcy in 2014 when Saab subsequently collapsed.

In the years since, Saab dealerships have become haunting relics of a bygone era.

The company spent years seeking investment but nothing came to fruition – leading to it declaring bankruptcy again in 2022.

Things went quiet after this, and it was thought that this would be the end of the company.

Then an announcement was shared to the Spyker Facebook page, which had been a virtual ghost-town since 2022.

The statement declared that Victor Muller had reached a settlement securing all Spyker intellectual property rights.

“After years of challenges, we’re cleared for takeoff,” the statement read.

“‘For the tenacious, no road is impassable’ – our motto since 2000 rings truer than ever. More detailed information about our plans will be announced shortly.”

Exciting stuff.

Other carmakers saved from bankruptcy

In business, money dictates a whole lot about how a company can run.

Bankruptcy – when a company has insufficient funds to pay bills or its assets are worth less than its liabilities – is not something that any business wants hanging over its head.

But it happens, as Yugo America discovered back in 1992 when the Yugo GV failed to be a moneymaker and instead became known as ‘America’s most unreliable car’.

However, rescue lines can often bring companies back from the brink.

The Sultan of Brunei once saved Bentley from bankruptcy by buying more than half the cars they produced.

Maybe that’s what Spyker needs – a rich royal with a big garage to fill.

Perhaps King Charles could help? He’s almost certainly got room in his multi-million dollar collection.

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