1958 Maico 500 cut-away.
A small company such as Maico could not compete against the larger automobile manufacturers and Maico went out of business in 1958.
Perhaps it was quality control that was the missing element, as the car suffered from broken steering arms that had to be replaced under warranty, rather than lose customers or garner bad publicity, they would take the broken cars in on trade for a replacement car rather than just repair the damage.They designed an entirely new front axle with double wishbones to fix this issue, but the Maisch brothers were running out of money and Banks were not extending anymore credit to them.
(source: Micro Car Museum)
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