Spyker returns to the New York International Auto Show with the third generation Preliator Limited Edition.

Spyker, a creator of meticulously hand-built sports cars since 2000, will return to the 2016 New York International Automobile Show joining a list of other exotic supercars on display such as the Koenigsegg One:1 and the Koenigsegg Regera. 

The third-generation Spyker C8 Preliator will make its North American debut at the New York Auto Show on Thursday, March 24. Spyker will produce a mere 50 units worldwide. 

"We are delighted to be back at the New York International Automobile Show to unveil the new Spyker C8 Preliator in one of our most important markets," said Victor R. Muller, Spyker's Founder and Chief Executive Officer. "Historically, Spyker has sold half of its production in the US, with a very large number of cars sold through the company's first US dealer, Manhattan Motor Cars". 

The "Preliator" name, which means "fighter" or "warrior" in Latin, pays tribute to the company's aviation heritage: "Fighters" are warplanes as made by Spyker between 1914 and 1918. But even more so, "Preliator" symbolizes the uphill battles Spyker faced and won in the past couple of years. By mounting a supercharger to the Audi V8 engine, Spyker has improved the performance of the C8 Preliator significantly as compared to its predecessor. 

The Spyker C8 Preliator is made for discerning owners who appreciate the attention to detail and bespoke features that Spyker has offered them for over a decade and a half now.

GREAT NEWS - Spyker has been removed from bankruptcy, and will launch new B6 Venator soon.

Dutch supercar maker Spyker won its appeal against being placed in bankruptcy by a court late last year. Spyker CEO Victor Muller said he now intends to push ahead with development of the company's B6 Venator, an entry-level luxury sports car, and to merge with a U.S. based manufacturer of high performance electric aircraft.

Spyker has been struggling to survive financial setbacks since its ill-fated acquisition of Saab from General Motors in 2010.

Spyker was placed in bankruptcy on Dec. 18 by a Dutch court after bridging finance promised while it was under creditor protection failed to arrive. Spyker got the money 11 days later and appealed the court’s bankruptcy declaration.

A Dutch appeals court on Thursday declared the bankruptcy "null and void with retrospective effect." This puts the company back under the protection of the "moratorium of payment" – equivalent to U.S. Chapter 11 protection from its creditors.

Muller said that the company has now reached agreement with the majority of its creditors. As a result "we should see Spyker exit 'moratorium of payment' in a matter of weeks," he said in a statement.

Spyker hopes the B6 Venator, a mid-engined 375-hp V6 sports car unveiled at the 2013 Geneva auto show, will attract more customers. The model is intended to compete with such cars as the Porsche 911 and Lotus Evora.

When it was first revealed there were suggestions it would be priced around 160,000 euros. That is about 40,000 euro less than the 198,500-euro 2014 European list price of Spyker's 4.2-liter C8 Aileron sports car.

Muller is keen to pursue a merger with a U.S. based specialist aircraft manufacturer once Spyker comes out from the "moratorium of payment." The logic for this, according to Muller, is that "the exciting new sustainable and disruptive technologies" currently being developed by the as yet unnamed company will be of value in future "full electric" Spyker cars.

REPORT HERE

Spyker Supercar makers has been declared bankrupt.

Today the District Court of Midden-Nederland, at the request of the administrator, converted the moratorium of payment, granted to Spyker N.V. and its wholly owned subsidiaries Spyker Automobielen B.V. and Spyker Events & Branding B.V. (collectively “Spyker” or the “Company”) on December 2nd, last, to bankruptcy. The cause for this conversion was that the committed bridge funding did unfortunately not reach the company in time. The administrator will continue his work but now as receiver.

Victor R. Muller, Founder and Chief Executive Officer said: “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”).”

Spyker N.V. & Spyker Automobielen B.V. has filed for financial restructuring.

Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively "Spyker" or the "Company"), today filed a voluntary petition for financial restructuring in an effort to address certain short-term operational and liquidity challenges. 

The District Court of Midden-Nederland in Lelystad, the Netherlands (the "Court") granted Spyker's voluntary petition for temporary moratorium of payment ("surseance van betaling"), the Dutch equivalent of the American Chapter 11 proceedings, and has appointed an administrator who, together with the Board of Management, bears final responsibility for management of the company as long as the moratorium of payment status is in force. 

The Court's ruling to grant a temporary moratorium of payment protects the Company from its creditors throughout the duration of the moratorium. 

The Company's wholly owned subsidiary Spyker Events & Branding B.V. entered temporary moratorium of payment a month ago.

The Company's key operations are expected to continue throughout the temporary moratorium while it executes its reorganization plan to resolve its temporary operational and liquidity issues.

”Over the past few years, Spyker has faced a number of serious difficulties and challenges resulting from, among others, the legacy of the F1 era and the acquisition of Saab Automobile AB. 

Our Management and Board have been working very hard in the last 12 months on a restructuring plan that includes the execution of Spyker's B6 Venator programme, an 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 technology of which will find its way into future Spyker automobiles” said Victor R. Muller, Spyker founder and Chief Executive Officer. 

"After careful consideration of all available alternatives, the Company's Directors and Management Boards determined that a voluntary petition for temporary moratorium of payment was a necessary and prudent step and the best way to secure and use the financing necessary to maintain operations and allow for a successful restructuring of the Company. 

We expect to emerge from this restructuring a stronger, more innovative company that is well positioned for growth and profitability. We are proud of the consistent high quality of our automobiles and our valued customer and partner relationships."

In conjunction with the voluntary petition, the Company is in the process of securing a loan facility arranged by independent financiers which intends to provide an immediate source of funds to the Company, enabling it to satisfy the customary obligations associated with the daily operation of its business, including the timely payment of employee wages and other obligations.

The temporary moratorium of payment and following settlement with creditors is the next step in Spyker's restructuring process. During the temporary moratorium of payment, suppliers should expect to be paid for post-petition purchases of goods and services in the ordinary course of business.

"On behalf of the entire management team, I would like to thank our customers, dealers and suppliers for their continued support during this process. I also want to recognise our dedicated employees, whose continued support and commitment are crucial to the future success of our company. We are all dedicated to making this financial restructuring a success. 

Since 2000, the year we were established, we have always lived by our company's axiom "Nulla Tenaci In Via Est Via" ( Latin for "For the tenacious no road is impassible" ) and we will most certainly continue to do so" Victor R. Muller concluded.

Additional information about the restructuring is available at the Company's website. For access to Court documents and other general information about the temporary moratorium of payment, please visit http://spykercars.com/company/corporate-news.

A temporary moratorium of payment under Dutch law is very similar to the American Chapter 11 procedure and allows a company to continue operating its business and managing its assets in the ordinary course of business. The temporary  moratorium has been enacted to encourage and enable a company to continue to operate while restructuring its business, thereby preserving jobs and maximizing the recovery for all its stakeholders.