Friday, January 30, 2015

Spyker Update (Spykdate): Swedish Company Declared Not Bankrupt by Dutch Court, Will Build EVs

Spyker B6 Venator Spyder concept

Raise your Heinekens to the sky, esoteric sports car lovers: Spyker is not and never was bankrupt. According to the Dutch supercar company, a local court has now overturned the company's bankruptcy ruling from December and rendered the decision "null and void." Spyker lives! B6 Venators for everyone, ja!

If it were only that easy. While Spyker now claims to have "bridge funding" from an unidentified source and will settle with its creditors "in a matter of weeks," the company has not disclosed where it's going to build the B6 Venator, the $187,000 six-cylinder sports-car concept first shown in 2013. In response to our questions about its vacated factory (it was evicted), meager cash flow (roughly the median value of a U.S. home), a bond program to fund B6 development (don't ask), and a random merger with a mysterious American electric aircraft company, Spyker told us that CEO Victor Muller "has chosen to not provide any additional comments at this stage besides the press release issued yesterday" and that "more information shall be provided in due course." Good!



Muller's current plan is to build battery-electric Spykers in the "foreseeable future," by which he may support with another bond scheme or stock sale to a Chinese company. After reviewing Spyker's public financial reports—which the company hasn't updated in a year and a half—we're thinking 2015 will not be the year anyone steps into a new B6. (May we direct you to the nearest Porsche retailer?) On the flip side, kudos to Spyker for staying above water—for now, at least.



from Car and Driver Blog http://ift.tt/nSHy27

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