Wiesmann closes its doors as it failed to found an investor

Article by Christian A., on May 8, 2014

Back in August 2013, Wiesmann filed for insolvency at the Muenster court in Germany but by the end of the year the company announced that it found an investor, so everything looked good for the well-known carmaker. Today, we found out that Wiesmann closed its doors and that all its 125 employees were sent home, according to Dutch magazine Autovisie.

According to one of the employees, there were several investor calls but the money still didn’t come. As a result, Wiesmann closed its factory and the maintenance shop, which means that owners will have to take their cars to a BMW dealer as all of them are using BMW technology.

For those who don’t know, Wiesmann was founded in 1988, but in 2009 the first problems appeared as the company wanted to expand its factory in Dulmen and spent several million euros.

Back in 2013 at the Geneva Motor Show, Wiesmann unveiled their GT MF4-CS, but the company didn’t pay the development of this car to Racing Dynamics. In order to get their money, Racing Dynamics went to court in Aachen and forced Wiesmann to declare bankruptcy.

Racing Dynamics wasn’t the only supplier that wanted its payment, which forced Wiesmann CEO Rolf Haferkamp to stop production filed for bankruptcy.

The last sports car unveiled by Wiesmann, the GT MF4-CS, was priced from 193,193 euros, and was a Clubsport version of the GT MF4-S. 20 kg lighter than the standard version, the Wiesmann GT MF4-CS was powered by a same 4.2-liter V8 found on the BMW M3 that delivered 420 hp.

The engine could push the MF4-CS from 0 to 100 km/h (62 mph) in 4.4 seconds, while top speed was limited at 293 km/h or 182 mph.

Topics: wiesmann, bankruptcy

If you liked the article, share on:

Pin It

Comments

Recommended

It’s quite safe to say that this generation marks the rise of the electric cars. For the past few years, automakers have been very busy trying to find the perfect...
by - March 28, 2017
Want to go for a sportier look, but don’t have enough cash to burn? Good news for future Ford Edge buyers, as the 2018 model year will have an optional...
by - March 28, 2017
Audi refreshes its portfolio as its go-faster division officially announces the release of six new RS models by the end of 2018. That’s quite a huge number of cars to...
by - March 28, 2017
Has Toyota started the production of a new electric supercharger? Well, a patent that was recently published indicated that they might have. And this electric supercharger looks more durable and...
by - March 27, 2017
The Tesla Model S has finally arrived in South Korean soil and is now available for test drive. But, there’s a catch. You’ll have to wait several months if you...
by - March 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries