Back in August last year, it emerged that sports car manufacturer Wiesmann had filed for bankruptcy. However, just a few months later, suggestions emerged that the German firm would restart production. Despite that glimmer of hope, it can now be confirmed that Wiesmann is officially out of business.
It is understood that the plug has been pulled after Wiesmann failed to find a buyer while continuing to move further and further into debt. The firm officially stopped manufacturing, engineering and maintenance operates on March 31st.
For those that didn’t know, the company was founded in 1985 by the brothers Martin Wiesmann and Friedhelm Wiesmann and has quietly produced a range of quirky, yet desirable two-seater sports cars. Its founders left the company in 2012 and it seems clear that their successors have found little success. At the time of the original bankruptcy application, around 110 workers were employed at the Dulmen factory. Consequently, it can only be assumed that all of these workers will have to find new employment.
Throughout the niche manufacturer’s existence, its most potent model was the Wiesmann MF5. Production of the Wiesmann MF5 began in 2009 and the car is powered by a 4.4-liter twin-turbocharged engine delivering 547 hp between 5,750 rpm and 6,250 rpm. This potent engine is mated to a 6-speed semi-automatic transmission driving the rear wheels.