Though its designs may look like Wiesmann is trying to make time stand still, the massively powerful BMW engines that power its creations say otherwise. As does its slaloming in and out of solvency over the past year or so.

Last summer the German automaker filed for bankruptcy. It presented a plan to revive itself several months later, but earlier this year it seemed that its creditors were not interested in saving the company – or from letting it save itself. Now it seems that Wiesmann is down for the count.

According to the latest reports coming in from Europe, all but six of its 125 employees have been sent home. The company apparently doesn't have the funds on hand to either pay its employees or pay its suppliers, and effectively ceased operating at the end of March, having produced just over 1,700 vehicles in the course of 20 years of manufacturing.

The development will surely come as bad news not only for the workers and their families, the company's creditors and suppliers, but also enthusiasts who've come to appreciate Wiesmann and the quirky retro roadsters it makes... or made, we should say. We're still hoping against all odds that the company will find a way back into solvency and operations, but that's not looking any more likely than their vehicles ever making it to North America, anyway.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 9 Comments
      phishburk
      • 7 Months Ago
      These cars' shapes will be strikingly beautiful forever. That being said, a terrible color scheme can ruin just about anything.
      rmt_1
      • 7 Months Ago
      What a shame that another specialty auto maker isn't going to make it. However, I can't help but wonder if Wiesmann used a more modern body design, as opposed to the retro design used, it may have sold much better than it did. The platform design was flexible enough that more than one body type could have been used. Hopefully, Wiesmann will find a way to save itself or can find a buyer that can save something from all that hard work.
        sparrk
        • 7 Months Ago
        @rmt_1
        I love Wiesmann for their design and engineering. I don't think the design was the problem, Morgan also makes retro designs and they are doing well. I think it was bad marketing. Maybe a presence in motorpsorts would have helped.
      tump
      • 7 Months Ago
      Ah, that sucks. The GT was in my fantasy garage. Oh well…
      knightrider_6
      • 7 Months Ago
      I guess clown cars have a very limited number of buyers.
      Britt Benston
      • 7 Months Ago
      The retro roadster thing may have run its course anyway. Regardless, these were lovingly made cars, as evidenced by a series on Velocity about how cars are made. The one on Weismann was pretty cool.
      johnnyhedwardsjr
      • 7 Months Ago
      1700 vehicles over 20 years? That averages out to only 3 - 4 cars per month. How can you pay 125 people when you only produce 3 - 4 cars per month?
        Georg
        • 7 Months Ago
        @johnnyhedwardsjr
        They have build the majority of the 1700 cars the last years, after introducing more and more models after the base MF3... their mistake was trying to move from garage car builder to luxury low volume producer. With the strict world wide regulations it limited their market to much because they could not afford to do the crash/registration routine for north america to get their cars street legal there and open the market for their product.
        methos1999
        • 7 Months Ago
        @johnnyhedwardsjr
        You can't - hence why they've gone bankrupt and their financiers have decided not to restart the company...