Niche German supercar maker Gumpert has hit the wall. The company, founded by former Audi exec Roland Gumpert has applied for insolvency in Germany after a failed plan to sell its supercars to Chinese buyers.
It is possible that the insolvency process might be used to reshuffle Gumpert into a leaner, more effective company.
The lawyer appointed to oversee the process, Gorge Scheid, says it has a good chance of recovery.
Initial discussions with possible investors will begin this week.
Gumpert's Apollo is a stunning machine that is powered by an Audi-sourced 4.2 litre V8, sold in base trim at 485kW, or tweaked up to 595kW. Even the lowest spec version is capable of a heart-stopping 3.1 second 0-100km/h and a claimed top speed of 360km/h.