Gumpert goes bust - report

2013 Gumpert Apollo S
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!
Aug 30th, 2013 11:36pm
0 0
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.
Aug 30th, 2013 9:36am
1 0
JayHaddad JayHaddad
Sad to hear that
Aug 29th, 2013 10:31pm
5 0
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.
Aug 29th, 2013 9:14pm
5 0
Prowler1997 Prowler1997
It's too bad, but no surprise
Aug 29th, 2013 8:27pm
5 1
EdBacau EdBacau
It just shows that there are no more rich people who care about driving. They all want shiny cars and computers to do the driving for them. It's a sad world to live in as a car enthusiast.
Aug 30th, 2013 12:18am
6 0
Phast104 Phast104
too true
Aug 30th, 2013 1:16am
2 0
sensei sensei
Its not just the rich. For nearly a decade now, 99% of my students have no interest in cars, only the latest tech bauble. They think this new technology frees their minds in a way that a car could never free their bodies, but they delude themselves that their shackles do not bond them to Plato's Cave.
Aug 30th, 2013 9:39am
0 0
DBaskov DBaskov
@Sensei That's gotta be the first time I heard anything like that. I believe that most students probably don't think about cars either because A) they can't afford it or B) because they don't really need it and it's not always practical to have.
Aug 31st, 2013 12:25am
1 0
memexe memexe
too bad!
Aug 29th, 2013 7:29pm
5 0