Dutch boutique sports-car maker Spyker, which once owned the struggling Saab marque, has declared bankruptcy after a financing deal fell through at the last minute. Spyker chief executive Victor Muller put a brave face on the crash, saying that the company was planning to bounce back with a high-performance electric car.
"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," said Muller in a press statement released from the firm's Zeewolde, Netherlands headquarters. "I will relentlessly endeavour to resurrect Spyker as soon as practically possible." Spyker has been dogged by financial troubles since its foundation in 2000, especially after the ill-fated take-over of Saab, now in Chinese ownership.
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