Filed under: Coupe, Performance, Government/Legal, Earnings/Financials, MISC
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At the end of August, the maker of the Apollo, German carmaker Gumpert, declared insolvency after an unsuccessful campaign into the Chinese market. It joined Artega and Melkus at the courthouse, the trio of boutique makers succumbing to violent economic waters that are troubling even the biggest fish.
Unlike the other two, though, Gumpert predicted that renewed focus on Europe would allow it to continue, and we’re happy to report that the bankruptcy administrator agrees. Apollos are already back in production, an investor was reportedly found, the dealer network has been reengaged, and the overseer “is convinced that with all orders in negotiation, business will continue permanently and sustainably.”
Congratulations to Roland Gumpert and co. You’ll find the company’s press release below.Continue reading Gumpert: Insolvency’s going great, wish you were here!
Gumpert: Insolvency’s going great, wish you were here! originally appeared on Autoblog on Wed, 14 Nov 2012 09:30:00 EST. Please see our terms for use of feeds.
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