Gumpert recovers from insolvency, receives new Apollo orders

Sports car manufacturer Gumpert is recovering after insolvency insolvency

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.