Gumpert files for insolvency - Company remains optimistic

Joining the ranks of many boutique automakers, supercar maker Gumpert has filed for a provisional insolvency, noting a lack of sales. The filing comes after the company’s planned China expansion fell through. Despite this the company's court-appointed administrator is optimistic about a recovery.

"The Apollo has gained an exclusive fan base throughout Germany and Europe. Now we have taken care of this customer base intensely. Production continues and we hope to sell the first vehicle within this week." Roland Gumpert said in a recent statement.

The company is seeking further investment to continue its venture into the Chinese market says Evo.

Source: Worldcarfans via Gumpert

Press Release below:

Altenburg (Germany)-based manufacturer for super sports cars, Gumpert Sportwagenmanufaktur GmbH, had applied for insolvency proceedings, after expected sales volumes in the major target market China couldn't be realized. Local court in Gera (Germany) appointed lawyer Mr. Görge Scheid as provisional insolvency administrator. After a first factory inspection and talks with all 30 employees, Mr. Scheid considers the business' chances of recovery as extremely beneficial.

"The super sports car "apollo", developed by Gumpert is technically mature and holds superior performance figures compared to all other cars. Now it's essential to reactivate the European market, which has been neglected over the past years."

First discussions with potential investors take place this week.

The highly-experienced Audi-Manager Roland Gumpert, who has set up his own business ten years ago and founded Gumpert Sportwagenmanufaktur on January 8 2004, has created with the apollo's development and production a worldwide street-homologated sports car, which has been unbeaten by its competitors on the Nürburgring for more than three years now.

"The Apollo has gained an exclusive fan base throughout Germany and Europe. Now we have taken care of this customer base intensely. Production continues and we hope to sell the first vehicle within this week."

 

Hope everything goes well and they find some investors soon. Would be really sad to see Gumpert go/

 

+1 Agreed!! Best of luck to Gumpert, they make great cars.

 

I think they are so ugly. Nothing special about it!

 

I personnally LOVE the Gumpert Apollo.
The Tornante concept, not so much to be honest.
But the Apollo & Apollo S are just mind-boggling beasts IMO.

Definitely best of luck to the company!