Gumpert on the ropes

Steve · Aug 30, 2012

I almost titled this thread "RIP Gumpert" but it looks like that would be premature. Fingers crossed the administration lawyer is right.

Supercar Maker Gumpert Declares Insolvency (MotorAuthority.com)

by Nelson Ireson | Aug 30, 2012

Just when it looked like the bankruptcies and bottoms-dropping-out of the car industry were behind us, Gumpert announces that it has applied for insolvency proceedings in its home country. Why? Because it failed to meet its plans to deliver its offbeat supercars to expected Chinese-market buyers.

Gumpert's insolvency isn't of the magnitude of, say, Saab, much less GM or Chrysler, of course. And it may not even be the end of Gumpert--there's a chance they can use the insolvency process to reorganize into a leaner form that will be able to bootstrap back into production of wild and funky supercars like the Apollo R and Apollo Enraged.

The lawyer appointed to adminster Gumpert's insolvency process, GÃ¶rge Scheid, says the company's chances of recovery are good.

The official announcement contains little in the way of details, but does disclose that the first discussions with potential new investors will take place this week.
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minirab · Aug 31, 2012

One of my favorite cars (next to my R58 of course!).

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