Liquidation
In 1961, the company was forced into liquidation by creditors though Carl Borgward insisted the company was solvent which proved to be true as creditors were paid in full. In 1963, all manufacturing equipment for the Borgward Isabella and P100 was sold to a buyer in Mexico. Carl Borgward died in July 1963, two years after the company went bankrupt.
The German magazine Der Spiegel reported in 1965 that with a little help, the Borgward company could have easily overcome its financial problems of 1961. Given that all the company's creditors were eventually paid in full, the liquidation may have been unnecessary.
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