Spyker was forced into bankruptcy late last year by a Dutch court after it was determined the struggling sports car brand wouldn’t be able to pay back all of its creditors. A bridging loan provided to the firm in January meant Spyker was able to exit bankruptcy, although it still needed to operate under the strict terms of a “temporary moratorium of payment,” a restructuring process similar to our own Chapter 11 bankruptcy protection rules whereby Spyker could recognize its operations.
Now, close to eight later months, Spyker has confirmed that it has successfully exited the restructuring process and that its disputes with former creditors have all been settled. Furthermore, Spyker now has some new investors, one of which is America’s own Volta Volare. The two firms plan a merger, details of which will be announced at a later date.
Volta Volare is the developer of a private electric airplane called the GT4 and is based in Portland, Oregon. Specifications for the GT4 call for lightweight carbon fiber composite construction, 2+2 seating, and an extended-range electric powertrain with 300 horsepower on taps. Given these specs, it’s clear there are numerous synergies to be had with the planned merger.
Volta Volare GT4
“Spyker is back with a vengeance and we look forward to a bright future for the company I founded 15 years ago and which is now set to build sensationally elegant and classy electric motorcars and electric planes for decades to come,” Spyker CEO and founder Victor Muller said in a statement. “We have persevered and we can now move on and pursue our ambitious goals including the merger with Portland, Oregon-based electric aircraft manufacturer Volta Volare.”
If successful, Muller’s Spyker will be following in the footsteps of the original Spyker that was founded by Jacobus and Hendrik-Jan Spijker in 1880 and also suffered several financial setbacks until it finally ceased operating in 1926. The company started out as a coachbuilder but later built cars, and during the First World War also manufactured airplanes and airplane engines. The Spyker name was finally revived in 1999 by Muller.
The last model the modern-day Spyker was working on was to be an attainable V-6-powered sports car called the B6 Venator. It’s not clear what Spyker’s plans are now that it is switching to electrified powertrains.