Dutch car manufacturer Spyker has won an appeal to have its bankruptcy overturned with “retrospective effect.”
The carmaker, known for unusual models such as the C8 Spyder, was declared bankrupt on 18 December 2014.
It came after promised bridge funding failed to materialise, as a result of which an administrator filed for a bankruptcy ruling.
Spyker’s founder and chief executive, Victor R Muller, said: “On December 18th, last, perhaps the blackest day in our 15 year history, I announced that as far as I was concerned, this was not the end and we would live up to our commitment to relentlessly endeavour to resurrect Spyker as soon as practically possible. But even I could not foresee at the time how quickly and unscathed Spyker would emerge from a situation which usually heralds the end of an era.”
However, days after the firm was declared bankrupt, the bridge funding was secured and an appeal was lodged on 29 December 2014.
An appeals court has now overruled the bankruptcy order, placing Spyker back into a temporary “moratorium of payment,” which the company hopes to exit within a couple of weeks.
Muller added: “Following that exit we will forthwith pursue the execution of our plans which include the introduction of the Spyker B6 Venator, our entry-level luxury sports car which will give a larger audience access to the Spyker brand, and the merger with a US based manufacturer of high performance electric aircraft, the exciting new sustainable and disruptive technologies of which will find their way into full electric Spyker cars in the foreseeable future.
“I again wish to express my gratitude to our customers, dealers, suppliers and of course our shareholders, employees and Board. Their loyalty and support was vital to build the brand over the past decade and a half and has now proven invaluable to achieve the overturning of the bankruptcy ruling and subsequent exit from moratorium so we can continue building our business for many decades to come.”