German supercar manufacturer Gumpert is back making its mind-blowingly fast Apollo sports car after restarting production during insolvency administration.
Gumpert ran into financial difficulty earlier in 2012 when plans to expand into the lucrative Chinese market fell through and the company was put into provisional insolvency.
But Gumpert’s insolvency administrator, George Scheid, says several orders from new customers have meant the niche supercar manufacturer can operate at sustainable levels while the hunt for investors continues.
“We strongly assume that we will find an investor and save all 25 jobs in Altenburg,” Scheid said.
Managing director Roland Gumpert was also upbeat about his company’s future.
“Next quarter we expect to sell four to five cars,” Gumpert said, adding that the company has reactivated its worldwide dealer network and expects orders from Japan, China, Turkey and the Middle East.
Gumpert, who was previously the director of Audi motorsport, founded the company in 2004 in Altenburg, Germany, and started production of the Apollo in 2005.
In 2009, a Gumpert Apollo Sport driven by Florian Gruber recorded a time of 7:11.57 around the Nurburgring, which currently stands as the third fastest lap ever for a street-legal production car behind the Radical SR8 LM (6:48) and Radical SR8 (6:55).
Watch the video of the Gumpert Apollo Sport at the Nurburgring.