Gumpert goes bust - report

A year after filing for insolvency, Gumpert has reportedly gone bust.

According to reports out of Germany, insolvency administrator Görge Scheid has revealed the company's mysterious savior has backed out of a deal and will not invest in the automaker. This, combined with a lack of orders, has caused the remaining 19 employees to be laid off.

While most of us will never see a Gumpert, the company rose to fame thanks to a Top Gear appearance and a record setting lap on the Nürburgring Nordschleife. More recently, the company introduced the Apollo S at the 2013 Geneva Motor Show. It featured a 4.2-liter V8 engine that developed 750 HP (551 kW) and 900 Nm (663 lb-ft) of torque which enabled it to run from 0-100 km/h (0-62 mph) in just 2.9 seconds.

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Article type Specialty Marques
Tags gumpert, gumpert bankruptcy, gumpert collapse