As reported by “Augsburger Allgemeine”, ISDERA AG from St. Ingbert in the Saar country submitted a bankruptcy petition on Friday. This is the result of a public announcement by the Saarbrücken District Court. The reason for the insolvency of the German luxury car manufacturer is unknown.
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A notification from a local court also states that the lawyer was appointed the temporary bankruptcy trustee of ISDERA AG. A general ban on selling was also imposed on the company. In connection with The bankruptcy trustee is authorized to manage and sell assets.
Local media explain that the company does not see any real chances to continue its operations. In addition, he has no property that she could pay off all obligations.
The German manufacturer of luxury cars files for a bankruptcy
Isdera is an abbreviation of Ingeniebüro für Styling, Design und Racing. As “Augsburger Allgemeine” reminds, fIrma was founded in 1982 by a former Porsche Eberhard Schulz employee. From the beginning, she produced exclusive small series of vehiclesand customers had to wait up to a year for individual copies.
The most famous and legendary ISDERY models include Commendatore and Emperor. Isdera produces highly motorized vehicles with the appearance of classic cars.
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In 2018, the company presented a vehicle design, which was to provide the brand with a return to the salons (or rather roads). During the AUTO China, which was organized at the time, which was organized in Beijing, a model called Isdera Commendatore GT was presented. Superauto was developed with the support of the Chinese WM Motori group and was fully electric.
Ultimately, however, Isder produced only one copy of the vehicle. The defeat in the marriage with Chinese technology thwarted the plans of the Brand's return, which was additionally overwhelmed by the Covid-19 pandemic operations.
