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Borgward Is Dead Again
Back in 2015, Borgward announced it was back from the dead. The name and trademark had been sold to a Chinese company, and less than a year later, Zombie Borgward had a car to sell called the BX7. It didn’t last long, though, as the undead automaker is officially dead again.
Autocar reports that Borgward has declared bankruptcy and is looking for the court’s approval to liquidate its assets. The company reportedly owes creditors more than $750 million, with ownership currently split between Foton, a truck division of BAIC and Ucar, a Chinese mobility company.
https://jalopnik.com/borgward-is-dead-again-1849846509
Back in 2015, Borgward announced it was back from the dead. The name and trademark had been sold to a Chinese company, and less than a year later, Zombie Borgward had a car to sell called the BX7. It didn’t last long, though, as the undead automaker is officially dead again.
Autocar reports that Borgward has declared bankruptcy and is looking for the court’s approval to liquidate its assets. The company reportedly owes creditors more than $750 million, with ownership currently split between Foton, a truck division of BAIC and Ucar, a Chinese mobility company.
https://jalopnik.com/borgward-is-dead-again-1849846509