Gumpert declares itself provisionally insolvent
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Gumpert declares itself provisionally insolvent
Gumpert declares itself provisionally insolvent
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Once asked by Adam Carolla what this blogger's two favorite cars were, I replied the Lamborghini Murcielago and the Gumpert Apollo. Proving that this August is the cruelest month as far as niche German carmakers are concerned, the latter company, Gumpert, just filed paperwork to begin provisional insolvency proceedings in Altenburg, Germany. This month has seen fellow Teutons Artega and Melkus file for bankruptcy.
The ten-year-old company had apparently been trying to break into the Chinese market and the move didn't pan out. It's not over for Gumpert – an administrator has been appointed, and we're told he sees the chance of recovery as extremely positive, so now the makers of the Apollo will return their attentions to the European market while they seek new investors.
Super sports car manufacturer in provisional insolvency
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."
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."
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I think one of the key success to break into the Chinese market is adjustable seat... since Chinese tends to be shorter than Germans lol.
2nd most important is to deck everything out in super expensive leather, I mean what kind of corrupt, money laundering, bribe accepting government official will want to roll in a car with no leather and wet pits?
2nd most important is to deck everything out in super expensive leather, I mean what kind of corrupt, money laundering, bribe accepting government official will want to roll in a car with no leather and wet pits?
Lexus Champion
Joined: Apr 2011
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From: CA
I think one of the key success to break into the Chinese market is adjustable seat... since Chinese tends to be shorter than Germans lol.
2nd most important is to deck everything out in super expensive leather, I mean what kind of corrupt, money laundering, bribe accepting government official will want to roll in a car with no leather and wet pits?
2nd most important is to deck everything out in super expensive leather, I mean what kind of corrupt, money laundering, bribe accepting government official will want to roll in a car with no leather and wet pits?
Last edited by ydooby; Aug 31, 2012 at 10:42 AM.
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From: California
Gumpert rescue falls through, company goes under
Gumpert rescue falls through, company goes under
Oh Gumpert, say it ain't so! After breaking into the supercar market eight years ago with the ugly uniquely styled and blazing quick Apollo, the German boutique automaker is finally calling it quits, World Car Fans reports.
A year ago, Gumpert declared insolvency after a disastrous foray into the Chinese market, but it seemingly was saved by a mystery investor and started focusing on the European market again. But more recently the investor reportedly stopped funding the automaker, and there also was a lack of new-car orders – a combination that can quickly kill low-volume car companies.
http://www.autoblog.com/2013/08/30/g...usiness-video/
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