News Column

Boutique Sports Car Maker Goes Into Liquidation

August 22, 2013

German boutique carmaker Wiesmann, which produces exclusive BMW-powered sports cars with Austin Healey-style looks, has gone into liquidation.

A spokesman for the court in Muenster dealing with the proceedings said the company planned to keep making cars amid talks with new investors. No details were given as to why the company ran into financial difficulties.

Around 110 staff work at the Wiesmann plant in Duelmen in Lower Saxony, where the cars are assembled largely by hand.

Wiesmann had lined up a number of its hardcore street racers with powerful engines for next month's Frankfurt Car Show and it is now unclear whether the company will be represented. Wiesmann has manufactured 1,600 sports cars over the past 25 years.

The company was founded by brothers Friedhelm and Martin Wiesmann in 1988.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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