Gumpert goes bankrupt

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

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 our exclusive new offer and SAVE 39% on the shop price, get evo for its original cover price of £3.00 an issue, plus get a FREE gift worth £20!

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.

Advertisement - Article continues below

Most Popular

Mercedes CLA45 AMG hatchback

Mercedes-AMG CLA 45 S coupe UK review

The more stylish version of eCoty 2019’s bronze medallist is as impressive on UK roads as it was overseas
28 Mar 2020
Nissan Juke R

This Nissan Juke-R can be yours for $719,579

Near-700bhp Nissan special project Juke-R goes up for sale in Germany 
30 Mar 2020
Ferrari F40

Ferrari F40 – review, history, prices and specs

Despite having a turbocharged V8 instead of a normally aspirated V12, the F40 is often regarded as the greatest-ever Ferrari road car
21 Mar 2020
Hyundai i30 N

Hyundai i30 Fastback N versus the Nurburgring

We brought the Hyundai i30 Fastback back to its spiritual home in Germany's Eifel mountains, where there is a racing track you might well have heard o…
7 Oct 2019