There's been a raft of bankruptcies declared among niche European automakers recently. In the past year, the Cosworth, Gumpert, Artega, Lola and the London Taxi Company have all gone the way of the dodo. But the one we were most gutted by was Wiesmann.

The German producer of retro sportscars and roadsters endeared itself to our hearts with its BMW-powered oddities since it started making them back in 1993. So we were disappointed when we heard that it had filed for bankruptcy protection this past August. But there's good news, as we've just received word that Wiesmann has applied to dismiss the insolvency proceedings.

The brief statement, as you can see below, didn't disclose how Wiesmann managed to pull itself up by the straps of its racing boots, but then it never stated how it fell behind in the first place, either. The Dülmen-based operation is set to meet with its creditors on December 16. Beyond that, all we know is that we're glad to see Wiesmann's fortunes change for the better. Call it a Thanksgiving miracle.
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Press Release
Dülmen / Germany

Application for dismission of the insolvency proceedings

The management board of the Wiesmann corporation has filed the application to dismiss the insolvency proceedings due to abolition of the insolvency reasons.

The creditors' meeting is postponed to December 16, 2013.

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    • 1 Second Ago
      Jessie Louthan
      • 1 Year Ago
      London Taxi Cab Company was bailed out by Geely, and are producing new vehicles once again...
      • 1 Year Ago
      This may be a duplicate post.. Cosworth is NOT bankrupt, they are still in business. Suggest you amend your article
      • 1 Year Ago
      good luck...i love their cars.
      • 1 Year Ago
      I'm counting this news as something to be thankful for in todays world. Weismann is my favorite boutique manufacturer and even though I've only seen one on the road (on a visit to Germany) at least I can still dream of owning one someday... Ausgezeichnet!!!
      • 1 Year Ago
      Beautiful cars.Hope they make it to the US someday.Something tells me neither front nor rear would pass NHSTA. I'd be happy to be wrong about that.
      • 1 Year Ago
      Exquisite car!!!
      Big Rocket
      • 1 Year Ago
      Do you guys really prefer Wiesmann over Artega? It seems Wiesmann tries too hard to be retro, yet fails to achieve the elegance of the real classics.
        • 1 Year Ago
        @Big Rocket
        I think the Artega looks too generic, while the Wiesmann roadsters are the best looking cars i have ever seen in real life.
          Big Rocket
          • 1 Year Ago
          Thanks for your perspective, which I didn't consider before. +1
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