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Borgward car brand has filed for bankruptcy

The bankruptcy process of Borgward Automobile began in China - the owner of company is the Chinese automaker Foton Motor. The company's appeal has already been submitted to the court of Beijing. The idea to apply to the court on April 8 was supported by the company's shareholders. It is assumed that the organization, registered on the territory of Germany, will be liquidated, unless a miracle happens and the Borgward trademark is not redeemed by any interested investor. The legendary brand of...

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