German Manufacturer Wiesmann Files for Bankruptcy
Wiesmann have revealed their latest vehicle, the GT MF4-CS, at the 2013 Geneva Motor Show earlier this year. The sportscar was developed to celebrate the company’s 25th anniversary, which makes this bankruptcy filing even more upseting, and was scheduled to be built in only 25 units.
Founded in 1985 in Dulmen, Germany, by brothers Martin and Friedheim Wiesmann, the company started by manufacturing hard-tops for convertibles. The first vehicle was launched in 1993. All Wiesmann sportscars use engine and transmission parts supplied by BMW.
Hopefully, more details on Wiesmann’s bankruptcy, including whether the automaker will shut down or just reorganize, will surface soon.
Story via BimmerToday via Autoblog