Artega files for bankruptcy
http://torquezilla.com/news/Artega+files+for+bankruptcy
According to the German media, Artega has applied for bankruptcy today. Apparently, this move came after an Asian investor failed to save the German carmaker. According to some of our sources, the deal failed in the last minute and now the company needs to find a solution for its 34 employees. Still, there are some good news as former CEO Klaus Dieter Frers has some feelings for the company and might help it. He promised that he will analyze the situation closely. For those who don’t know, Artega was sold back in 2009 to a Mexican investor. Current CEO Peter Mueller worked hard in order to keep the brand on the market but it appears that building a car brand it’s quite a challenge and he will need more help in the future in order to see the Artega models in the streets.
in german: http://www.welt.de/motor/news/article107733229/Artega-stellt-Insolvenzantrag.html
--