Credits given by the
City of Bremen could keep up a tapered off production until the end
of 1960. By then the financing problems of the Borgward Group reached
the public, thus leading to an insecurity among dealers, suppliers and
customers. A reduction of the management, dismissals and further credits
could not save the Borgward Group.
Following the report of the certified account of the City of Bremen,
Dr. Semler, the City refused further credits. The City demanded the
complete surrender of the enterprise and granted the prolongation of
the operative work. When several attempts to sell the company failed,
Borgward accepted the offer, thus saving working places.