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.

Subscribe to evo magazine

Subscribe today to have every issue of evo delivered straight to you. You'll SAVE 39% on the shop price, and get evo for its original cover price for a whole year!

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.

Most Popular


McLaren 765LT 2020 review – latest Long Tail returns to reset the status quo

McLaren’s latest Long Tail fulfills its brief in once again pushing the supercar to the next level, the 765LT just has to prove its magic on the road …
29 Sep 2020
Lexus LC

Lexus LC500 Convertible 2020 review – eccentric cabriolet is as glamorous as it looks

The eccentric LC500 cabriolet is better than a boulevard cruiser and feels every inch the halo product Lexus intended
29 Sep 2020
Ford Mustang

Ford Mustang Mach-E GT turns up electric SUV to 459bhp

The all-electric Ford Mustang Mach-E SUV has gained a hot GT variant, rivalling Tesla’s Model Y Performance
28 Sep 2020
Porsche Panamera

Porsche Panamera Turbo S 2020 review 

Monster straight-line pace and impressive handling, but the Panamera sweet spot is found elsewhere
26 Sep 2020