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Gumpert goes bust - report

 Gumpert goes bust - report
2013 Gumpert Apollo S

Investor reportedly backed out

A year after filing for insolvency, Gumpert has reportedly gone bust.

According to reports out of Germany, insolvency administrator Görge Scheid has revealed the company's mysterious savior has backed out of a deal and will not invest in the automaker. This, combined with a lack of orders, has caused the remaining 19 employees to be laid off.

While most of us will never see a Gumpert, the company rose to fame thanks to a Top Gear appearance and a record setting lap on the Nürburgring Nordschleife. More recently, the company introduced the Apollo S at the 2013 Geneva Motor Show. It featured a 4.2-liter V8 engine that developed 750 HP (551 kW) and 900 Nm (663 lb-ft) of torque which enabled it to run from 0-100 km/h (0-62 mph) in just 2.9 seconds.

Source: T-Online and Autoblog.nl

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Comments (10)

 Garais877 Garais877
Fastest road car powered by Audi engine!
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August 30, 2013 4:36 pm
 sensei sensei
Dreamers need to realize that designing, engineering, and building a car is all the easy part. The REAL challenge is efficient manufacturing and positive cash flow. Henry Ford was famous for saying that he was not in the car making business.....that he was in the money making business.
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August 30, 2013 2:36 am
 JayHaddad JayHaddad
Sad to hear that
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August 29, 2013 3:31 pm
 ErtahazHossain ErtahazHossain
That's just sad! One of the most iconic new supercars just going away like that? So what if it wasn't so famous? It was after all unique and made a statement when launched.
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August 29, 2013 2:14 pm
 Prowler1997 Prowler1997
It's too bad, but no surprise
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August 29, 2013 1:27 pm
 memexe memexe
too bad!
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August 29, 2013 12:29 pm