Posted Nov 14th 2012 1:30PM
At the end of August, the maker of the Apollo, German carmaker Gumpert, declared insolvency after an unsuccessful campaign into the Chinese market. It joined Artega and Melkus at the courthouse, the trio of boutique makers succumbing to violent economic waters that are troubling even the biggest fish.
Unlike the other two, though, Gumpert predicted that renewed focus on Europe would allow it to continue, and we're happy to report that the bankruptcy administrator agrees. Apollos are already back in production, an investor was reportedly found, the dealer network has been reengaged, and the overseer "is convinced that with all orders in negotiation, business will continue permanently and sustainably."
Congratulations to Roland Gumpert and co. You'll find the company's press release and a video below.
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Sports car manufacturer Gumpert is recovering after insolvency
Altenburg, November 13 2012 -- After being able to restart production during insolvency administration, slowly but steadily the order list is getting longer. Insolvency proceedings started, according to schedule, on 16th October 2012. Only some days later the first new car sale took place. Insolvency administrator Mr. Görge Scheid is convinced that with all orders in negotiation, business will continue permanently and sustainably.
First negotiations with investors take place. Despite a downturn in the automotive industry, the strong demand for the sports car apollo shows that there is still a place in the market for an independent sports car manufacturer.
Compared to other small series producers, which face insolvency (Melkus, Artega), the apollo comes with self-contained technical developments on the highest level. The super sports car has a small and exclusive fan base in Germany. As all cars are handmade, every masterpiece is unique and built to specific customer needs.
Managing director Roland Gumpert informed: "Next quarter we expect to sell four to five cars" The world wide dealer network has been reactivated, so that also orders from Japan, China, Turkey and the Middle East are expected.
"We strongly assume that we will find an investor and save all 25 jobs in Altenburg", announced insolvency administrator Mr. Scheid. About ten years ago Roland Gumpert, technical manager of AUDI, fulfilled himself a personal dream by developing the apollo and the further model Tornante. His dream continues.
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