Wiesmann Emerges from Insolvency, Will Meet Creditors on December 16

Last time we heard of Wiesmann, the German manufacturer of retro-styled sports cars, things were not good at all. In August this year, the carmaker filed for insolvency at a local court in Münster and went under the protection of an administrator.

Fortunately, it seems that the management has found ways to escape death, as Wiesmann has posted a short statement on its website saying it has requested the court to end the bankruptcy procedure.

“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,” reads the statement.

Wiesmann didn’t indicate the reasons for the change, but the important thing is the company will come up with a plan for the future together with its creditors later this month and will hopefully continue to offer BMW-powered sports cars.

The carmaker’s most recent model is the GT MF4-CS limited edition vehicle, launched at the Geneva Motor Show this past spring. Powered by a 420hp BMW V8 engine, the GT MF4-CS sprints from 0 to 100 km/h (0 to 62 mph) in 4.4 seconds and reaches a top speed of 293 km/h (183 mph). Wiesmann said it will only build 25 units of the coupe, each priced from €193,193 ($262,415).

By Dan Mihalascu



Take An Exclusive Look Into Ferrari’s Special Corse Clienti Club

The Ferrari Corse Clienti includes ex Formula 1 cars and the exclusive XX program.

Mercedes GLE 580 Gets 483 HP Electrified Biturbo V8, $77,795 Tag

The new Mercedes GLE 580 packs less power than the GLE 53 AMG but it has a V8 instead of a straight six engine.

Kia’s New Small SUV Interior Surfaces In Official Sketches

The small SUV gets a 10.25-inch infotainment system, Off-Road driving mode and locking differential.

We Drive The Hyundai i30 N: What Would You Like To Know?

With its first-ever hot hatch, Hyundai has made great waves and surprised everyone – including the competition.

Autopilot’s Automatic Lane Change Feature Cuts People Off And Brake Checks Them

Consumer Reports calls the new feature potentially dangerous.

G-Power Will Tune Your BMW M2 Competition To 532HP For Just Over $1,500

The tuner’s asking a decent €1,400 for this power upgrade, which makes the M2 an absolute beast.

Study Suggests 78% Of Non Sedan Owners Would Consider One In The Future

Interest is sedans remains high, even though Ford and GM are abandoning some segments.

Mercedes Aims To Inspire A New Generation Of Women To Love Cars

Mercedes will give away thousands of toy cars to inspire the next-generation of automotive enthusiasts.

Turns Out The New Toyota Supra Has Much More Than 335 Horses

The Toyota Supra is powered by a BMW-sourced 3.0-liter inline-six and is very punchy indeed.

Used LaFerrari Aperta Will Cost You A Lung, A Kidney, And A Mansion

This 313-mile LaFerrari Aperta will probably shift hands for at least $7 million.