Wiesmann Petitions to Dismiss Bankruptcy

by TTAC Staff

Published: November 29th, 2013

wiesmann petitions to dismiss bankruptcy

Wiesmann, the German maker of BMW powered retro sports cars, looked like it was going to join other European specialist automakers that have declared bankruptcy like Cosworth, Gumpert, Artega, Lola and the London Taxi Company, but the small company has apparently cleaned up its balance sheet and has applied to have its insolvency proceedings dismissed. Wiesmann has been operating since 1993 in Dülmen, Germany. No further explanation was given in the company’s announcement beyond stating that the application to dismiss the bankruptcy was “due to abolition of the insolvency reasons”. A meeting with Wiesmann’s creditors is scheduled for mid-December.

#Bankruptcy #Insolvency #Wiesmann

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Wmba on Nov 29, 2013

" ...to join other European specialist automakers that have declared bankruptcy like Cosworth" Now what cars did Cosworth sell, pray tell?

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- Corey Lewis on Dec 04, 2013
  
  That's what I was thinking. Weren't they just an engine builder and tuner for Euro-Ford and Merc?
  
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Corey Lewis on Dec 04, 2013

I remember when Clarkson drove that nice white Weismann back in 04 or so, early on in new Top Gear history. It seems I recall a much nicer looking interior on that one than in the one pictured. I think it had nice brown quilted leather and lots of wood in there. They should quit it with the shiny plastic!

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