The 404-horsepower sports coupe is based on the Pontiac GTO and is expected to cost 127,600 euros ($151,900 at current exchange rates).
Erich Bitter found two private investors to fund tooling and development for the tiny-volume vehicle.
The investment is expected to total 2.4 million euros ($2.86 million at current exchange rates). Ruecker design and development is handling the engineering. Salzgitter Automotive is providing the tooling.
Except for a sheet-metal roof, the CD will have a carbon-fiber body manufactured by a U.K.-based firm, SP Systems.
Bitter wants to sell 15 cars yet this year and 75 next year.