Filed under: Coupe, Performance, Europe, Government/Legal, Earnings/Financials
Once asked by Adam Carolla what this blogger's two favorite cars were, I replied the Lamborghini Murcielago and the Gumpert Apollo. Proving that this August is the cruelest month as far as niche German carmakers are concerned, the latter company, Gumpert, just filed paperwork to begin provisional insolvency proceedings in Altenburg, Germany. This month has seen fellow Teutons Artega and Melkus file for bankruptcy.
The ten-year-old company had apparently been trying to break into the Chinese market and the move didn't pan out. It's not over for Gumpert - an administrator has been appointed, and we're told he sees the chance of recovery as extremely positive, so now the makers of the Apollo will return their attentions to the European market while they seek new investors. There's a press release below with more details.
Continue reading Gumpert declares itself provisionally insolvent
Gumpert declares itself provisionally insolvent originally appeared on Autoblog on Thu, 30 Aug 2012 15:40:00 EST. Please see our terms for use of feeds.
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