German manufacturer of luxury cars reports bankruptcy

ISDERA AG from St. Ingbert Saarland has on Friday insolvency registered. This emerges from a public announcement by the Saarbrücken district court. One reason for the bankruptcy at the German manufacturer of luxury cars is not known.

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Isdera stands for engineering office for styling, design and racing. The company was founded in 1982 by ex-Porsche employee Eberhard Schulz and produces exclusive small series. These include legendary models such as « Commendatore » and « Imperator ». Isdera produces high-motorized vehicles in a classic car look.

The announcement by the local court continues that the lawyer Thomas Becker from Dillingen/Saar was appointed as a provisional insolvency administrator of ISDERA AG. A general ban on disposal was also imposed on the company. The administrative and disposal authority over the assets therefore lie with the insolvency administrator.