Founder and former CEO Roland Gumpert has officially left the Apollo brand.
The fall of the house of Roland Gumpert has been a long time coming. The Audi exec turned entrepreneur saw his automotive startup crumble in 2013, only to be saved soon after by Chinese investors at Ideal Team Venture and given a new name. Now, the former founder is reportedly out at Apollo.
According to GTSpirit, Roland Gumpert has been let go from the company that he founded in 2004, effective as of June 2016. The new owners emphasized that Gumpert is in no longer in any way associated with the Apollo brand, and that he will not have any hand in development of future products.
This news follows the relatively fresh reveal of the Apollo Arrow hypercar concept that we saw debut at the Geneva Motor Show, and reports that the company would be working together with Scuderia Cameron Glickenhaus in development of said vehicle. Both the Arrow and the SCG003 will be built at Manifattura Automobili Torina (MAT) in Italy.
Reports say that we'll see a new V12-powered Arrow track car dubbed Project Titan debut in 2017 at the Goodwood Festival of Speed, with a V8-powered road car to follow soon after. Both vehicles could produce upwards of 900 horsepower (671 kilowatts) in top trim, and reach speeds of over 224 mph (360 kmh).
Though Apollo hasn’t given any official arrival date as to the road-going Arrow, the company says both the road car and racing car will take notes from the Nurburgring 24 Hours race in development, which takes place in May of next year.