Gumpert goes bankrupt

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Gumpert Apollo
Auto Bild is reporting that the Altenburger sports car maker Gumpert has sadly gone bankrupt.

Gumpert almost came to an end last year following a failed assault on the Chinese market, but a mystery investor stepped in to pull the company back from the brink. Now those purse strings have been cut leaving Gumpert to spiral into free fall.

The remaining 19 employees were relieved of their duties in June, with the company’s accounts receivable amounting to €1.7 million according to the appointed administrator, Görge Schied, who confirmed that he had been negotiating with two potential investors.

The company, which was founded in 2004 by Roland Gumpert, former Director of Audi Sport, built impressive machines that used bi-turbo Audi engines. The profile of these track-focused road cars was increased significantly when the Apollo Sport became the new leader on Top Gear’s Power Lap Board in 2008.

[Source: Auto Bild]

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