Gumpert recovers from insolvency as it receives new orders for Apollo supercar

Article by Christian Andrei, on November 15, 2012

The recovery has been slow for Gumpert, the German automaker, after having filed last August for a provisional insolvency. Gumpert was able to resume production while it was under the insolvency administration. But then, the number of orders it has received is increasing. The insolvency proceedings began right as scheduled, on Oct. 16, 2012.

It sold its first new car just a few days after. According to insolvency administrator Mr. Görge Scheid, he is confident that with the many orders in process, its operations will be able to continue sustainably and permanently. Notably, the first negotiations with investors have taken place. Even with the slump in the car industry, there’s still a high demand for the sports car Apollo.

This proves that the market still has a place for an independent sports car manufacturer. The apollo has an advantage over small series producers, which are facing insolvency like Melkus and Artega, since it features the highest level of self-contained technical developments. Germany has a small and elite fan base for the super sports car.

Since all cars are handmade, each masterpiece is one of a kind and assembled according specifically to what the buyer wants. According to managing director Roland Gumpert, they hope to sell 4 or 5 cars in the next quarter.

Since its global network has been activated once again, it anticipates more orders to come in from Japan, China, Turkey and the Middle East. Insolvency administrator Mr. Scheid said that it’s assumed that an investor will be found in time for all 25 jobs in Alterburg to be saved. Roland Gumpert, the technical manager of AUDI, reached his goals by creating the apollo and the advanced model Tornante about a decade ago.

Topics: gumpert, supercar

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