Gumpert files for bankruptcy

Discussion in 'European Cars' started by got hp, Aug 31, 2012.

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    Niche supercar maker Gumpert has filed for provisional insolvency proceedings in its local German court, putting a possible end to the maker’s future production plans. The move comes after the company’s plans to expand into China fell through.

    An appointed administrator, lawyer Mr. Görge Scheid, reportedly sees the company’s chances of recovery positive after talking with its 30 employees and performing an initial factory inspection. The company will now focus on doing business in its home country and the rest of Europe. Gumpert does need to find new investors to bail it out, however.

    Gumpert Sportwagenmanufaktur GmbH was started by a former Audi executive Roland Gumpert in January of 2004. Its only product, the Apollo, uses an Audi-sourced 4.2-liter V8 that uses twin turbos to produce 650 horsepower. There is a six-speed sequential transmission driving the rear wheels. The 0-60mph yardstick is said to take just three seconds. The street car shares its trick body, suspension, and chassis with the race car. It uses a carbon fiber monocoque safety cell as its backbone. The interior makes liberal use of existing Audi and VW parts as well.

    Gumpert isn’t alone in feeling the market pressure, however, as fellow German supercar makers Artega and Melkus filed for bankruptcy earlier in August.
  2. Not surprised
  3. <A BORDER="0" HREF=""><IMG BORDER="0" SRC="pitlane/emoticons/sad.gif"></A> apollo was the hottest hypercar of the past 5-6 years
  4. can't say i didn't see it coming
  5. For every pagani there are 20 companies that don't make it. I admire the fact that the owners are following a dream to build supercars but it seems like manufacturing supercars is a horrible investment
  6. I'm pretty sure that trying to break into the Chinese market is what (apparently) sank SSC. There was all that hooplah about SSC China, and my bet is that Gumpert, like SSC, was banking on big time Chinese investment that had been promised, and then the Chinese backers bailed on the deals. #$%#ing Chinese.

    I will miss the Gumpert (if they're gone). The Apollo is so awesome.
  7. That is too bad. Gumperts may look odd, but the design gave it a lot of character.
  8. Koenigsegg on the other had can go and get #$%#ed right?!

    / ksegg bashing circle-jerk
  9. Apollo was indeed awesome. Its a shame about that Tornante BS they tried to release, it was quite the disappointment design wise.

    So is the Huayara come to think of it. I think SSC is the only boutique car maker that IMPROVED following its original model, but then again the Aero was butt ugly, there was nowhere to go but up.

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