Carl F.W. Borgward

German automobile industrialist, a head engineer and designer by age 23 and the founder of Borgward Corporation, based in Bremen. In 1961, Borgward underwent one of the most spectacular bankruptcies in the history of Germany. The company went to the Government of Bremen, which had it liquidated, and part of the factory went to Hanomag. Years after the bankruptcy was closed, it came out that it had not been reasonable: All debts had been paid to the last cent.

Borgward died on 28 July 1963 of heart failure in Bremen; he was 72. His life work might continue: his grandson, Christian Borgward, together with his partner Karlheinz L. Knöss and with assistance from Chinese investors unveiled the company's first new car in over 40 years, the BX7 at the 2015 International Motor Show in Frankfurt.