German Sports Car Manufacturer Gumpert is Insolvent…Again

According to German news sources, including T-online and Otz, local sports car manufacturer Gumpert, makers of the Apollo, has gone under. The information comes not very long (at all) after another fairly-renowned maker of sporty cars from the country, albeit with a different flavor, Wiesmann, also announced its insolvency. Artega is another name that closed its doors last year.

This is not the first time Gumpert, a company started back in 2004 by an ex-Audi manager, has faced financial turmoil, as just last year, they declared insolvency, but quickly found a willing investor who promised to buy the company. However, that very investor bailed on them, and now they’re back in the same difficult position they were in before.

I think Gumpert’s problem was the very Apollo it tried to sell in so many different power and trim variants. It was a purposeful looking car, designed pretty much exclusively for track use, yet it was never pretty nor was its interior as good as some of that you see in other similar exotics. The fact is that there are more people willing to buy a flashier and less potent model than a full-bore racing car for the road, which the Apollo seems to me like it really tried to be.

By Andrei Nedelea

PHOTO GALLERY

Gumpert-Apollo-1Gumpert-Apollo-10Gumpert-Apollo-11Gumpert-Apollo-12Gumpert-Apollo-13Gumpert-Apollo-2Gumpert-Apollo-3Gumpert-Apollo-4Gumpert-Apollo-5Gumpert-Apollo-6Gumpert-Apollo-7Gumpert-Apollo-8Gumpert-Apollo-9

2020 Audi Q3 Sportback Shows There’s No End To The Crossover Coupe Trend

Following on the heels of the Q8, Audi is introducing their smallest crossover coupe yet.

2020 Audi RS Q3 Sportback Aims To Be The Poor Man’s RS Q8

The high-performance crossover is expected to have a turbocharged 2.5-liter five-cylinder engine with around 414 hp.

Indonesia’s Resources Are A Great Incentive For Local EV Manufacture

Both Toyota and Hyundai are investing billions into Indonesia, which has huge supplies of a material used in batteries.

2020 Chevy Blazer Going Turbo With New Four-Cylinder Option

The new turbocharged 2.0-liter four-cylinder engine will produce 230 hp and 258 lb-ft of torque.

2021 Audi Q5 Set To Receive A Minor Facelift And New Technology

The facelifted crossover will have a new infotainment system with a 10.1-inch display.

Mercedes’ Automated Valet Parking System Allows Cars To Park Themselves

The technology is the first Level 4 autonomous parking system to be approved by authorities.

Austro Daimler Bergmeister ADR 60 Brings Its AMG GT…Err…1930s Inspired Looks To Salon Prive

The ADR 630 Shooting Grand is an art deco-inspired PHEV capable of hitting 62 mph in 2.5 seconds .

2020 C8 Corvette Isn’t Getting A Manual Because It Wasn’t Worth The Effort

The new 2020 Corvette will not get a manual because not enough people would buy it .

You Can Now Have Amazon Deliver Your Packages Inside Your New Acura RDX

Third-gen RDX owners can now have their Amazon packages delivered inside their vehicles.

A BMW M3 E46 Just Sold For $90,000, Will This Become The New Normal?

The BMW M3 E46 is quickly becoming a modern classic and prices are rising.