German Manufacturer Wiesmann Files for Bankruptcy

Wiesmann GT MF4-CS 1 photo
Sportscar manufacturer Wiesmann has reportedly filed for bankruptcy earlier this week. According to the German media, the filing was made to a district court in Muster, but financial details have yet to be revealed.
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
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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