The creators of one of the fastest road cars ever built has filed for insolvency after it failed to meet sales targets. The German company, Gumpert, responsible for bringing us the Gumpert Apollo, is however looking for further investment in order to continue its breakthrough into the Chinese market whilst there is still the feeling the company can still survive.
Chance of Recovery
Gorge Schied, the appointed administrator, thinks the business has a “good chance of recovery” provided that a suitable investor is found. The company has been working on its Chinese venture during the course of the past year whilst it has also failed to service its home market effectively.
Production of the Gumpert Apollo began in 2005 with road and racing models released for both purposes whilst a Hybrid Apollo entered the 24 hour race at the Nurburgring in 2008. The Apollo is quite an extraordinary machine as it’s practically a race car for the road. It only weighs 1,100kg, which, to put into perspective, is 500kg less than a Renault Clio Sport, whilst it also produces 650bhp from its 4.2 litre bi-turbo V8 engine.
The Apollo will hit an astounding 223mph at full chat whilst it will also be able to get from a standstill to 60mph in just 3.0 seconds. Fast is not the right word where the Apollo is concerned. All this performance comes at a price of course, with motor insurance also being rather dear on such a car.
As for the way it looks, it always been a rather unique looking thing and when it was first launched it was, really rather unattractive, however as time has passed the design has grown on us. What is for sure is its originality!
The company founder, Roland Gumpert, has a positive outlook on the way in which things could turn out for the German manufacturer, saying: “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.”
Let’s hope Gumpert can survive and then let’s hope they produce yet more bonkers creations!
Who’s a fan of the Gumpert Apollo?