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Gumpert recovers from insolvency, receives new Apollo orders

 Gumpert recovers from insolvency, receives new Apollo orders
Gumpert Apollo Enraged live in Geneva 06.03.2012

'Next quarter we expect to sell four to five cars'

German automaker Gumper is slowly recovering after filing for a provisional insolvency in August.

The company was able to restart production during insolvency administration and has received several orders for the Apollo. The insolvency proceedings started on October 16 with insolvency administrator Görge Scheid in charge.

The firm’s managing director Roland Gumpert said that they plan on selling four to five cars in the next quarter. Gumper’s worldwide dealer network is now back in business and they expect orders from Middle East, Turkey, Japan and China.

Scheid said that he is optimistic about finding an investor and saving all 25 jobs in Altenburg.

Source: Gumpert
Published Nov 13, 2012 8:40 am By Adrian Padeanu

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.

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Comments (4)

 JonathanIppoli1 JonathanIppoli1
It's not the best supercar around but their ok .
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November 15, 2012 6:29 am
 TomasramonCorrea TomasramonCorrea
Wish them well. It is hard to regain potential customers´confidence when a company files for insolvency.
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November 13, 2012 12:17 pm
 SorryMyBadEnglish SorryMyBadEnglish
I hope they sell many cars. Maybe they should change the name? Gumpert is not very good name for a supercar.
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November 13, 2012 10:49 am
 ucplayer ucplayer
cool!
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November 13, 2012 9:56 am