Spyker Exits Moratorium, Resumes Operations And Prepares For Merger
Spyker’s entire business model was always a bit of an iffy prospect. The Dutch automaker built expensive and desperately weird sports cars in a way that assured permanent niche status. But it was big on charm, and it would take a cold-hearted person not to wish it success. Still, it didn’t come as a huge surprise when the company declared bankruptcy. Plans were announced for a merger with an American electric plane manufacturer, but as always, this is the sort of thing you believe only once you’ve seen it. Well, the wait seems to be over, and Spyker has now officially come out of moratorium and will be building cars again soon.
Spyker actually fought against bankruptcy in court and won, back in January, but getting out of moratorium (essentially the Dutch version of Chapter 11) wasn’t so easy. Agreements with creditors have now been reached, and Spyker will be going ahead with the merger with Volta Volare, the electric plane maker from Portland, Oregon that had previously been unnamed. All of which is very good news for anyone that wants to buy a car that’s more than a little bit different from those his neighbors have.
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Why it matters
Spyker has seemingly put out a huge number of different cars, especially for a boutique manufacturer that has only been around for 15 years. But all of them are closely related, and some have simply been what boils down to a special edition of an existing model. But this is all par for the course, and while the cars certainly aren’t cheap, the prices tend to be much lower than what a boutique car would cost you from many other similarly sized carmakers. Just another reason why it’s good to see them up and running again.
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