Spyker has officially been declared bankrupt by a Dutch court, following a hearing this week into the carmaker’s finances.
The court ruled that both Spyker [Automobiles] and Spyker Events & Branding are affected, as “committed bridge funding did unfortunately not reach the company in time”.
The administrator previously engaged to oversee the company’s finances has now been installed as the receiver.
Founder and CEO, Victor Muller, said he was proud of the carmaker’s achievements, and that the bankruptcy ruling would not spell the ultimate end for Spyker.
"None of the ambitions we had when we founded Spyker 15 years ago has vanished as a result of today's events,” Mr Muller said.
“In 2000, we set out to establish a super sports car business from scratch with a global distribution and we achieved that. Over the years, we undertook some daring ventures that left their marks on the company which in turn contributed to today's demise.”
Mr Muller channelled Winston Churchill by adding “this is not the end, it is not even the beginning of the end, but it is, perhaps, the end of the beginning”.
The CEO stated he would revive Spyker as soon as practically possible, with a view to producing ‘disruptive’ electric models.