It's a Messerschmitt. Had a Sachs 1 cylinder 2 cycle motor. My friend's father had one when I was in high school. His other car was a TR-4. Between the two of them he usually didn't need a ride to work, but his wife had a Buick station wagon just in case.
I got to drive the "Scmidt" now and then. It was slow, but really stuck to the road, so you didn't have to slow down for the corners.