Uwe Gemballa Reported Missing
#241
05-17-2010 | 09:23 PM
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Posts: 109
#245
05-18-2010 | 03:39 PM
Thread Starter
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Joined: Jan 2008
Posts: 31,554
From: Zoo York
From Autoblog:
Word out of Germany is that things aren't looking any better for Gemballa. The famed Porsche tuner is well on its way through bankruptcy after founder and CEO Uwe Gemballa suddenly "disappeared" in South Africa back in February. Judging by our less than trusty Google Translator, Auto Bild says that the company had trouble paying its employees and Uwe set up a shadow corporation with his mother as the sole stock holder just before pulling a Houdini. The article says that he was seeking investors in his new venture in Abu Dhabi and South Africa when the tuning legend vanished off of the face of the Earth.
With the founder missing and no leads to his whereabouts, South African police are beginning to suspect the worst. Likewise, the company has gone from being one of the world's most renowned Porsche tuners to being raided by tax men and other law-enforcement agencies. Either way, we don't expect to be seeing new Gemballa creations anytime soon, as the shop has apparently been shuttered after nearly 30 years.
[Source: Auto Bild]
Word out of Germany is that things aren't looking any better for Gemballa. The famed Porsche tuner is well on its way through bankruptcy after founder and CEO Uwe Gemballa suddenly "disappeared" in South Africa back in February. Judging by our less than trusty Google Translator, Auto Bild says that the company had trouble paying its employees and Uwe set up a shadow corporation with his mother as the sole stock holder just before pulling a Houdini. The article says that he was seeking investors in his new venture in Abu Dhabi and South Africa when the tuning legend vanished off of the face of the Earth.
With the founder missing and no leads to his whereabouts, South African police are beginning to suspect the worst. Likewise, the company has gone from being one of the world's most renowned Porsche tuners to being raided by tax men and other law-enforcement agencies. Either way, we don't expect to be seeing new Gemballa creations anytime soon, as the shop has apparently been shuttered after nearly 30 years.
[Source: Auto Bild]
#246
05-19-2010 | 11:09 AM
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Joined: May 2008
Posts: 1,837
From: too far from the autobahn, USA
Gemballa HQ closes its doors, founder still missing , i think Uwe has sadly become the new Jimmy Hoffa 
#249
05-25-2010 | 08:08 PM
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Joined: May 2008
Posts: 485
From: Behind the wheel
