August has been rough month for German automakers as Gumpert has joined Melkus by filing for a provisional insolvency.

August has been rough month for German automakers as Gumpert has joined Melkus by filing for a provisional insolvency.

Citing a lack of sales, the automaker was forced to apply for insolvency proceedings. While the situation isn't pretty, the company's court-appointed administrator is optimistic about a recovery.

In a statement, Roland Gumpert said "The Apollo has gained an exclusive fan base throughout Germany and Europe. Now we have taken care of this customer base intensely. Production continues and we hope to sell the first vehicle within this week."

In the meantime, Gumpert will meet with investors to discuss the possibility of a cash infusion.

 

Gumpert files for insolvency