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Supercar Maker Gumpert Restarts Production, Despite Insolvency

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Gumpert Enraged live photos, 2012 Geneva Motor Show

Gumpert Enraged live photos, 2012 Geneva Motor Show

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In August, we heard the sad news that Germany’s Gumpert Sportwagenmanufaktur, maker of the legendary Apollo line of supercars, was forced to start insolvency proceedings following a failed deal to market its cars in China.

At the time of the announcement, the administrator overseeing the insolvency proceeding, Görge Scheid, said the company's chances of recovery were good. Soon there were reports that Gumpert had been saved by a new investor, though nothing official has resulted yet.

Some positive news Gumpert has confirmed, however, is that it has been allowed to restart production during the insolvency proceeding. Part of the reason is the growing number of orders the company has received since its dire situation was made known.

In a statement, Gumpert’s managing director Roland Gumpert said, “Next quarter we expect to sell four to five cars.”

Despite the new orders, Gumpert remains in talks with potential investors. The company is also working on restarting its original plan to look past its home market and start selling more models overseas. Key markets being targeted are China, Japan, the Middle East and Turkey.

Gumpert, based in Altenburg, Germany, has 25 employees and builds its cars by hand. No two Gumpert supercars are the same, as each is built to the specific requirements of its buyer. The current offerings are all based around the Apollo, which features a mid-mounted 4.2-liter Audi V-8 aided by a pair of turbochargers.

Pricing for the base Apollo, which is rated at 641 horsepower, starts at just over 300,000 euros (approximately $382,500). Pictured above is the limited edition Apollo Enraged, which was unveiled at the 2012 Geneva Motor Show and comes with a 769-horsepower rating.
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