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Despite the unfavourable conditions (with Tiger tanks sinking up to their turrets in the marshy ground) the force, which was spearheaded by Sepp Dietrich's 6th Panzer Army, took the Russians by surprise and made an impressive advance for such a late stage in the war. However, once the Soviets became aware of the presence of elite SS units ( Hitler's personal unit, the Leibstandarte Adolf Hitler took part in the operation) they counterattacked in strength, and by March 17th had pushed the Germans back to their original starting positions. Hopelessly outnumbered and with just six tanks left (Dietrich amusingly reflected on this by saying the "6th Panzer Army is well named - we have just six tanks left") the remaining German forces withdrew into Austria in order to defend Vienna.
Ultimately, the operation was a failure, despite early gains, and is a perfect example of Hitler's increasingly erroneous military decisions towards the end of the war. It was aimed at raising the siege of Budapest and defending the Ploesti oilfields (Germany's last source of oil), however, Hitler's commanders had evidently felt that these elite troops and sizeable amounts of equipment and supplies could have been put to better use elsewhere, particularly on German territory on the Eastern front, and they pleaded with him to "throw everything into the East". Hitler however insisted on his grand plan to somehow destroy the whole of the Russian Southern/Ukrainian Front, and for the weeks preceding the attack, trainloads of men and tanks rolled out of the RhinelandThe Rhineland Rheinland in German) is the general name for the land on both sides of the river Rhine in the west of Germany. A geographical term originally, it has also acquired some political and cultural connotations, becoming a political entity as the and into Hungary.
Strategically, Operation Frühlingserwachen made little impression upon the war, but on a tactical level it did highlight that the fighting qualities of the German army still existed, and the gains it made considering Hitler's order forbidding any reconnaissance previous to the attack (to maintain secrecy), and the poor spring weather, especially for tank warfare, as well as the fuel shortages facing the German army at that time (it was at around this time that Hitler ordered troops to retrieve fuel from abandoned tanks), were quite impressive. Apparently, a number of villages were captured and the Russian forces were initially totally surprised at such an attack in force when the Germans were thought to be finished.
This debacle is famous for the notorious "armband order" issued by Hitler when it was evident the Leibstandarte had failed. They were told to remove their sacred "Adolf Hitler" armbands as a show of their disloyalty. Disgusted by this command, the loyal troops who had fought hard through six years of war for Hitler apparently returned the armbands to him in a chamber pot.