German supercar manufacturer, Gumpert announced today that it filed for Insolvency after plans to increase sales in China proved too ambitious. The Altenberg company filed with the local court in Gera who appointed Mr Gorge Scheid as the insolvency administrator. Preliminary talks with the company’s thirty employees have given positive results and Mr Scheid considers the company to be recoverable.
The company was founded in January 2004 by Roland Gumpert, former Director of Audi Sport. The company produced just one model during in this time, the Gumpert Apollo. The idea behind the car was for it to be a street-legal car, ready for the race track. The car was eventually realised thanks to Audi and Roland Meyer, owner of MTM.
The first Gumpert Apollo entered production in October 2005 and in 2008, set a new lap record of 1.17.1 at the Top Gear test circuit. The Apollo featured a 4.2 liter V8 engine with 650hp in a frame that weighs just 1,100kg. 0-100km/h is possible in just 3.1 seconds, 200km/h in 9.1 seconds and with a top speed of 360.4km/h. Other version include the ‘Sport’ with 700hp, and the ‘Race’ with 800hp.
Hopefully the company can be rearranged and fixed!