Spyker CEO Victor Muller Says Bankruptcy Is Not The End

Illustration for article titled Spyker CEO Victor Muller Says Bankruptcy Is Not The End

In the March of 2013, I reported that the B6 Venator will be Spyker's bright future after having a chat with Victor Muller at the Geneva Motor Show. Today, the District Court of Midden-Nederland sent Spyker to bankruptcy, but Muller won't surrender just yet.

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We all wanted Spyker to succeed, but after the Saab deal fell through came eviction, and earlier this month — as with so many boutique manufacturers before — bankruptcy.

Now, Spyker issued an official statement, and as you would expect, Victor Muller is not giving up on his dream despite the court handing over his company to the administrator:

None of the ambitions we had when we founded Spyker 15 years ago, has vanished as a result of today's events. 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.

However, I would like to make clear that as far as I am concerned "this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning" to quote Winston Churchill. 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.

This is the moment to express my gratitude to our customers, dealers, suppliers and of course our employees and Board. Their loyalty and support was vital to build the brand over the past decade and a half. They can count on us continuing to live by the Spyker axiom "Nulla Tenaci Invia est Via" (Latin for "For the tenacious no road is impassible").

Ladies and Gentlemen, I give you Black Sabbath!

DISCUSSION

Viktor Muller had this coming. Sad as it is for the brand. Being Dutch, Spyker always put me in a limbo of somewhat being proud of a Dutch brand creating such utterly amazing cars...and at the same time feeling ashamed it had such an incompetent CEO (believe me, Spyker has had a ton more negative press than international media have presented).

It is a great brand, and I believe Muller's big dreams are good to a degree...but as a CEO those dreams only made him overreach his grasp with shady investors, the F1 debacle, the SAAB debacle, not having build a car in years, the D8-Paris-to-Bejing promise, the Aileron promises, the Venator promises, more shady investments, the Chinese investors debacle. And the list goes on.

A shame for the brand. But after years of struggling the brand is probably better off dead.