It seems the plucky Dutch supercar maker has finally run out of luck, as Spyker Cars, builder of some of the most exquisitely-crafted machines on the planet, has formally declared bankruptcy.
A Dutch district court halted a temporary moratorium on payments – equivalent to Chapter 11 bankruptcy protection in the United States – granted on December 2, because the committed bridge funding did not arrive in time to save the company. This puts Spyker and its wholly-owned subsidiaries, Spyker Automobielen and Spyker Events and Branding, into receivership.
Spyker’s precarious financial position has been at least partly caused by its 2010 purchase of Saab, which itself went bust a year later after a last-ditch sale to Chinese carmaker Youngman Lotus was blocked by former owner General Motors. Spyker sued GM for US$3 billion over the matter, but the case was dismissed earlier this year.
“None of the ambitions we had when we founded Spyker 15 years ago has vanished as a result of today’s events,” said the company’s CEO Victor Muller. “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.”
“I will relentlessly endeavour to resurrect Spyker as soon as practically possible and, assuming we will be successful, pursue our goal to merge with a high performance electric aircraft manufacturer and develop revolutionary electric Spykers with disruptive sustainable technology.”
We say good luck to Spyker on its ambitious future aspirations, and, as its Latin axiom proclaims, “Nulla tenaci invia est via” – “For the tenacious no road is impassable.”
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When is Lotus turn??
Oh I forgot P1 as ATM machine needs money as Proton.
PROTON nees money ask R&D jer.
Bail out using Shell oil money bukan budaya Holland.
Holland won’t bail out anyone.
Fokker aircrafts and DAF trucks already went bankrupt without any help from the dutch gouvernment.
And at least DAF trucks was resurrected and is quite successful nowadays in Europe.
Proton cannot bungkus at this moment.Why?Those dead wood on the take will fight till their last drop of blood.Once Proton is gone,rezeki finished,thats their worry.
Anyway,with so many powerful politicians backing it,it will only take another 1997-1998 great recession to mampuskan Proton.
It has been bleeeding profusely after buying ailing Lotus,and yet DRB is not calling it a day yet cos they are doing compulsory national service.
I think here in Bolehland, Bufori will be the next one to go. follow the footsteps of TD cars.
Proton needs to go, too much hanky panky going on
Do you really think if Proton were gone car prices would go down? Do you really think the government would give up their tax income? Hahahahahaha. What a fool.
If Proton is gone, there won’t be affordable cars in Malaysia anymore. Perodua has no competition and can raise prices, and you can pick between P2 and overpriced death traps, as other brands see no need to lower price (if they even can) or to offer better, safer cars.
That’s why he is not happy Malaysia has Proton. He works for over price death trap jap brands.
Yes, he is not happy Malaysia has a death trap plan called Proton. Malaysian has to work overtime just to buy overprice jap brands to avoid Proton. Because of Proton, Malaysia has to suffer using unreliable car with stupid Punch CVT whine. Because of Proton, Malaysia has to suffer the loss of economy because car investors rather invest in other countries than Malaysia. Because of Proton, the people has to swallow the pride and ego of Dr M and his fellow supporters. Proton is a death trap for Malaysia
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Proton bila lagi
Selagi ada Dr M, selagi ada Proton
Proton’s life is like Snake Fish (Ikan Haruan), very hard to die one.
There is only one way: Cut off the snake head
Many orcs are butthurt lol
mesti nak kaitkan dgn proton, wadefak men…
like same lorr said, cannot sale meant quality no good. spyker r.i.p
Spyker at least stand on its own, Proton?
Spyker had high quality interiors… Ever looked at them?
wah banyak proton salesman and dealer owner come here dislike comments
I dislike negative comments becouse of I love and care of our country. Pls study and learn more on basic economy
I love my country too but i dislike manipulation of economy though politics a.k.a NAP. Also, i dislike stupid supporters that support everything Proton even it is wrong
the intention to create proton is no doubt good for our economy, if you are lazy to work hard, or stupid to get better job with better pay to enjoy any car, don’t blame other rather than yourself.
Whoa .. opportunity for DRB to buy over and use its technology to revive Proton .. wink wink