Skip advert
Advertisement

Gumpert goes bankrupt

German manufacturer Gumpert goes bankrupt after anonymous backer pulls out, exactly one year after the company filed for insolvency. Details here

Gumpert files for insolvency

German media reports suggest that Gumpert, the manufacturer of the Apollo sports car, has gone bankrupt after an anonymous backer pulled out of a deal that could have saved the company.

Following slow sales, the small-time manufacturer filed for insolvency last year after failing to meet required sales targets. The company was seeking further investment to continue its venture into the Chinese market. Following a further lack of orders, and failing to secure a financial backer, the remaining 19 employees will lose their jobs.

Advertisement - Article continues below

At the time appointed administrator, Görge Schied, thought that the business has a 'good chance of recovery' on the condition that a suitable investor was found. The company had been working hard on cracking the Chinese market over the last couple of years.

The Apollo is one of the fastest cars evo has ever tested, with a 3.0 second 0-60mph time, and 220mph top speed. At the hands of WTCC driver Florian Gruber, the Apollo Sport managed to lap the Ring in a time of 7:11.57.

Skip advert
Advertisement
Skip advert
Advertisement

Most Popular

Used Ford Focus ST Edition (Mk4, 2021 - 2025) review – a Honda Civic Type R rival for £20k
Ford Focus ST Edition
Reviews

Used Ford Focus ST Edition (Mk4, 2021 - 2025) review – a Honda Civic Type R rival for £20k

The Ford Focus ST Edition turns an already-capable hot hatch package to 11, and now you can find used examples for much less than they were when new
10 Oct 2025
Are classic cars as good as we remember them?
Eras 80s
Opinion

Are classic cars as good as we remember them?

Looking back, were we viewing the ’80s and ’90s through rose-tinted glasses? Or were they in fact the definition of the thrill of driving?
16 Oct 2025
Best British cars – the cars for Great Britain to be proud of
Best British cars
Best cars

Best British cars – the cars for Great Britain to be proud of

Britain still makes great cars, from luxury land yachts to scintillating sports cars to visceral supercars
13 Oct 2025