The management board of beleaguered German retro sports car maker Wiesmann has applied to dismiss the current insolvency proceedings that threaten to quietly kill the company.
Wiesmann released a statement overnight confirming its application for the dismissal of the proceedings, quoting "abolition of the insolvency reasons" as its justification for the action.
The three-line statement reveals little else, though confirms the company’s creditors’ meeting has consequently been postponed to December 16, when the management board is expected to elaborate on the situation and its plans going forward.
Wiesmann quietly filed for insolvency at a local German court in Munster on August 14, though the precise reasons behind the action were never made public.
The action to avoid insolvency shows the determination of the management board to avoid the same fate of fellow European sports car manufacturers Artega, Gumpert and Lola, which have all fallen over in the past year.
Founded in Dulmen, Germany, in 1988, Wiesmann started life building hardtops for convertibles before launching its own bespoke range of retro-inspired coupe and roadster sports cars.Wiesmann GT MF4-CSth