The German based manufacturer for super sports cars, Gumpert Sportwagenmanufaktur GmbH, has applied for insolvency proceedings, after expected sales volumes in the major target market of China couldn’t be realized. A local court in Gera, Germany has appointed a lawyer for provisional insolvency administrator. After a first factory inspection and talks with all 30 employees, the lawyer has claimed 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.
