Is Dr. Drago’s Madcap Chase / Die Total Verrückte Rallye playable on current systems

backwards compatibilitydr-dragos-madcap-chasepc

Dr. Drago's Madcap Chase (from German studio Blue Byte, orig. title "Die total verrückte Rallye") was released in 1995. I remember it crashing too often to be playable under Windows XP even in Dosbox.

It seems this game never was famous outside of Germany, so neither Good Old Games nor Steam, usually my first two places when looking for older games that are playable today, are offering it.

I haven't tested on Win7/8 or with current emulation methods (dosbox/vm/…), so my question is:
Is there a way to play the game on a current system?

I'm willing to grab a remake if this is the only way possible.

Picture for reminder purposes:
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Best Answer

From my attempts at testing it, you may have some success with a Win95/98 VM - don't forget to set the screen to 256 colors.

DOSbox won't run this, and Wine fails pretty miserably in OS X because of the missing 16-bit support (if installed via homebrew).

UPDATE 10th December 2016: if you have OS X 10.11 or 10.12, you can run it directly in Wine without any hassles :)