Bad news for fans of the legendary German MZ marque. Despite
positive noises at last year’s Milan Show and meetings, reportedly, with
more than 30 possible investers, the historic firm from Zschopau has
been declared insolvent. According to the official receiver an immediate
investment of around €1m was required, but not forthcoming.
MZ, once one of the world’s biggest bike makers, went bankrupt in
1991 but was rescued with government funding only to fail again in 1996.
Hong Leong Industries of Malaysia took over only to collapse in 2008
having lost a reported €70 million.
The brand was then bought by ex-racers Martin Wimmer and Ralf
Waldmann in 2009. However Wimmer went bankrupt late last year. The last
20 workers have now been laid off
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