Tags Borgward

The Borgward group collapsed in 1961 because the banks refused a credit and suppliers stopped their deliveries. Carl Borgward died, while his factories were being dismantled, on 28 July 1963 from a heart attack. Borgward had already paid off all his creditors. In 1965, weekly Der Spiegel wrote that a bankruptcy had been unnecessary and the company should not have perished at all.

Borgward Hansa 2400. A nice failure

Borgward was a unique company. And Carl Friedrich Wilhelm Borgward was a unique person. A highly innovative technician. A man who thought building the most beautiful cars was more important than strict business plans. Rejected by the lobby of the competition The Borgward group…

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