Due to slow sales, Merklus has filed for insolvency in Germany.
Melkus has reportedly filed for insolvency at a district court in Germany.
The company's cash flow has dwindled as sales have declined. There's no word on how many RS 2000s have been built, but the Melkus originally estimated annual sales of 25 units.
Despite their dire financial situation, the company is optimistic about a recovery. As such, Melkus is seeking investors and hopes to return to profitability as soon as possible.
Thanks to Sebastian for the tip!