Home / Auto News / News article: Niche German Sports Car Builder Wiesmann Shuttered - AutoGuide.com News
 |  May 08 2014, 10:32 AM

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German niche sports car maker Wiesmann’s doors are closed.

Last year, the company filed for bankruptcy and then in November had apparently come up with a plan to stay alive. Despite that, the company hasn’t been able to secure sufficient investment to remain in business and has reportedly dismissed all but six of its 125 employees.

According to Autovisie, the company’s operations effectively stopped in March because the company could afford to pay its staff or suppliers. Through its life, which began in 1988, Wiesmann only produced 1,700 vehicles. Its cars relied on BMW engines and offered especially unusual classic roadster style.

[Source: Autovisie]

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