German Automaker Melkus Files For Bankruptcy

The never-ending circle of life that is high-end sports car manufacturing has just taken another turn for the worst for German automaker Melkus, which on Monday morning filed for insolvency.

Originally founded in 1959, the Melkus brand emerged as a sports and racing car maker. After what was assumed to be an official shutting of its doors in 1986, the classic nameplate was restored in 2006 by none other than son of the founder, Peter Melkus.

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