Tuners SpeedART and 9ff file for Insolvency

We all know times are tough across the pond and unfortunately that means some businesses will be calling it quits, or filing for insolvency in the midst of a harsh economy. One sector in the Automotive world that always seems to suffer the most in this type of economic climate is the luxury car tuners.

While we haven't officially heard from 9ff yet, SpeedART has made the procedure official via a notice on its website, blaming rising expenses from Porsche's lawsuit on the company.

"It is with heavy hearts that we regret to inform the Porsche tuning community that speedART has had to declare bankruptcy due to mounting legal fees from an intense battle with Porsche. Since 1999, Mr. Striening and speedART have been making exclusive conversion kits and individualized tuning for Porsche models. However, due to some unfortunate circumstances in the past, Porsche has been moving forth with an aggressive lawsuit against Porsche tuning companies, such as speedART and others. Although Striening fought hard for his company, it has become impossible for him to keep the battle alive, with legal fees growing and no sign of Porsche backing down on this issue.

For 14 years, speedART has remained dedicated to the driving force behind its creation: to allow enthusiasts everywhere to create a Porsche as individual as them. From their modern tuning programs to their classic restoration program, they refused to manufacture anything less than high quality products their clients could be proud to show off. We know that speedART will be sorely missed by many across the tuning community."

As far as 9ff is concerned the tuner filed for temporary insolvency on Septmebr 6th, 2013 according to the government website Insolvenzbekanntmachungen. Hat tip to Carscoops.

 

Is Porsche really in a legal battle with them or is that a cop out? I never knew any of that.

 

^^Not sure to be honest.

 

9FF?? Really? Not sure to be honest me too....