A failure to meet expected sales in China has forced niche sportscar maker Gumpert to apply for provisional insolvency. Administrator GÃ¶rge Scheid expects Gumpert can forge ahead and achieve a sustainable future for its 30 employees.
Gumpert achieved recognition for its Audi parts bin special when the Apollo Speed set a blistering lap time on the NÃ¼rburgring of just 7 minutes 11 seconds back in 2009.
An official company statement reads: â€œThe super sports car â€œapolloâ€, developed by Gumpert is technically mature and holds superior performance figures compared to all other cars. Now itâ€™s essential to reactivate the European market, which has been neglected over the past years.â€
You can read the statement in full after the break.
Super sports car manufacturer in provisional insolvency
30 August 2012 â€“ 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 couldnâ€™t be realized. Local court in Gera (Germany) appointed lawyer Mr. GÃ¶rge Scheid as provisional insolvency administrator. After a first factory inspection and talks with all 30 employees, Mr. Scheid considers the businessâ€™ chances of recovery as extremely beneficial.
â€œThe super sports car â€œapolloâ€, developed by Gumpert is technically mature and holds superior performance figures compared to all other cars. Now itâ€™s essential to reactivate the European market, which has been neglected over the past years.â€
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 apolloâ€™s development and production a worldwide street-homologated sports car, which has been unbeaten by its competitors on the NuÌˆrburgring for more than three years now.
â€œThe 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.â€