Wiesmann Back from Bankruptcy

Wiesmann Back from Bankruptcy

German sports car maker Wiesmann has filed to dismiss insolvency proceedings from earlier in the year.

mf5The brand is one of several boutique European automakers to have filed for bankruptcy recently, but the company’s latest release indicates that it has managed to find a way out of the hole.

SEE ALSO: Wiesmann To Use BMW Twin Turbo V8

It isn’t clear how the company managed to turn things around, but the release – issued yesterday – says there is a meeting scheduled with its creditors for December 16. Wiesmann doesn’t export its vehicles to the U.S. market, but European buyers have access to the company’s special brand of BMW-powered road hugging sports cars like the GT MF5. It borrows a 4.4-liter twin-turbo V8 from Bayerische Motoren Werke. 

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