The Artega GT is a mid engine, rear wheel drive, two passenger sports car produced by the German automaker Artega Motors. Introduced at the Geneva Motor Show in 2008, the limited edition Artega GT is restricted to only 99 units and retails starting at €79,790. The Artega GT is powered by a 3.6 Liter V6 that delivers a maximum output of 296 HP and a peak of 258 lb-ft of torque. This allows the GT to sprint from 0 to 60 MPH in under 5 seconds and reach a top speed of 167 MPH. The affordable exotic features unique paintwork, diamond polished Artega forged alloy wheels, individually numbered plaques on the side panels, and shift console as well as custom velour and leather trim to finish off the interior.
Back in July, the future of Artega was cast into doubt after the automaker filed for insolvency. Well, the good news is someone has bought the company. The bad news is they didn’t buy it to build cars.
Recently, Paragon AG took over all of the assets of the insolvent Artega Automobil GmbH & Co. KG with one caveat: they have no plans to resume production of Artega’s sports car, the Artega GT.
Instead, Paragon AG plans to use its newly acquired resources in staff and space to continue to develop its new Electromobility and Body-Kinematics divisions. The acquisition of Artega also lets Paragon AG to take full control of the company’s stage, enabling the latter to double its development team to 40 employees.
In a press release announcing the purchase, Paragon AG laid out its plans for Atria, including the use of the latter’s former headquarters in Delbrück, Germany to set up their own technology center, as well as expanding prototype construction, setting up a bespoke application service for customers, and manufacture products on a larger scale.
"We are therefore strengthening operations at our headquarters in the long term and ensuring job security for the future," said Klaus Dieter Frers, Chairman of the Managing Board.
Artega is quite well-known for its plucky little GT sports car which has been in production since 2007. However, the company has fallen into dire straits recently filing for insolvency with the local courts in Paderborn, Germany.
In an official statement regarding the issue, Artega stated “This step was necessary from a business perspective, for months after the proposed sale to an Asian investor had failed at the last minute. Together with the insolvency administration is now talking with other investors will be taken to find a solution for Artega, and its 34 employees. The operations will continue in full.”
The crippled brand has been looking for investors for months, and the above Asian investor pulled out for unknown reasons, thus leaving the company with nowhere to go.
For those of you not familiar with the term “insolvency” it basically means Artega is unable to pay off its debt, and may signal the end of the company as we also expect bankruptcy to be filed in the coming months, unless a lifesaving investor comes out to purchase the company.
This is extremely sad news for the company, and the shaky economic conditions in Europe are likely to be partly responsible for Artega being unable to pay off its debt. Furthermore, Artega was developing a targa version of the Artega GT and these latest developments may mean the end of the GT all together.
A year after Artega dropped the new GT and GT SE on our laps in Geneva, the German automaker returned to the scene of the crime with a targa version of their hard-top sports car.
The highlight of the Targa version is, of course, the top. The GT Targa comes with a removable panoramic glass roof that is said to be easily stowed behind the seats. Artega is watching customer feedback very closely on this feature and if all goes well, a production model will follow this concept.
As far as power goes, the Artega GT Targa will carry a 4.6-liter V6 engine mated to a six-speed DSG transmission to produce 300 horsepower. This allows the sports car to go from 0-62 mph in just 4.8 seconds with a top speed of 167 mph.
While Artega has been mum on how much it’s going to take to buy the GT Roadster, we do expect it to be in the neighborhood of the €75,000 price tag of the Artega GT. Convert that to greenbacks and you’re looking at a price of just under $100,000.
UPDATE 03/09/2012: This review has been updated with official specs and photos.
The Geneva Motor Show is one of the biggest shows of the year and the 2011 event certainly did not disappoint. With over 70 cars lined up and ready to take our breaths away, choosing our favorites between them all was not an easy task.
Sure, there were some easy choices, like the brand spanking new Lamborghini Aventador or the Jaguar XKR-S, or brilliant tuning projects like the ABT R8 GT S. Then there was the job of tossing out the not-so-brilliant vehicles like the Mitsubishi Global Small or the rather useless Rinspeed Bamboo. The 2011 Geneva Motor Show brought out cars from one side of the spectrum to the other, and rifling through them took some time. Some may not agree with our choices and that’s okay. However, everyone can appreciate a beautiful or highly efficient car when they see one, and we’ve gathered some exceptional specimens to share.
Hit the jump to check out our choices for the Best of the 2011 Geneva Motor Show.
Now that the 2011 Geneva Motor Show has come and gone, it goes without saying that the event was arguably the biggest and most successful auto show since the 2009 IAAs in Frankfurt, Germany.
Some might contend that, but as far as we’re concerned, its been a while since we had an auto show that has been as widely attended by almost all automakers in the world quite like what we saw in Geneva.
And while we may have been introduced to a lot of the cars that were launched in Geneva beforehand, there were still some models, mostly of the concept variety, that took us by surprise.
Most of these models weren’t previewed before the event so when the Geneva Motor Show opened its doors, just about everybody in attendance and those keeping tabs over the Web didn’t see these cars coming.
But now that they’re here, we can take a look at the models that made the 2011 Geneva Motor Show that much more interesting.
The Artega SE may be the one getting all the attention, but Artega is determined to keep their offering, the GT version, as fresh as possible.
During the 2011 Geneva Motor Show held last week, the German automaker unveiled their latest project, an all-electric, Tesla-beating sports car that produces as much as 275 horsepower, courtesy of two, independently-operated electric motors mounted on the car’s rear axle. But while the SE figures to be a topic of conversation for the next few weeks, we definitely shouldn’t sleep on the car for which the Artega SE was based on, the Artega GT.
As far as aesthetics and performance figures go, the Artega GT makes no qualms about what it has. Designed by Henrik Fisker, the same man behind the BMW Z8, the Aston Martin Vantage, and the Fisker Karma, the GT was built by Artega with only one vision in mind: create a high-powered sports car and doing it on one of the lightest aerodynamic bodies in its market segment.
Using a combination of an aluminum space frame, high-strength steel and alloys reinforced with carbon fiber, the Artega GT is about as sleek and svelte as they come. The fact that it produces around 300 horsepower is the proverbial cherry on top of the sundae.
There’s something to be said about a car you rarely hear from yet when the time comes that they pop up in the grid, you do nothing except pay attention.
As far as we’re concerned, thats how we feel about the Artega GT. And if it’s not enough that we have the car to talk about, this particular GT has actually also been tuned up by renowned tuner Cargraphic.
The 300 horsepower sports car gets a set of GT and GT-R three-piece aluminum wheels in a choice of either 19-inch or 20-inch dimensions. The wheels are also made from lightweight material, helping this Cargraphic-tuned Artega GT shed some weight from its standard version.
A few years ago, an ambitious company – Paragon Parts Group – tried to make its mark on the auto industry with the Artega GT, a Volkswagen-sourced V6 engine sports car that produced well over 300 horsepower. At that time, it was PPG’s hope that the Artega GT would catch the attention of car enthusiasts - particularly those from Europe – and signal the arrival of the Artega GT to the sports car segment.
Fast forward to present times and the only attention the Artega GT has received recently is news that owner Klaus Frers has decided to sell the car brand to one of its private investors, Tresalia Capital.
A lot of you may not be familiar with Tresalia Capital – neither were we – but upon further investigation, we learned that the company is one of Mexico’s leading investment firms and is led by one of the country’s most powerful women, Linda Alvarado, who is actually the grand-daughter of Felix Aramburuzabala, the founder of Grupo Modelo, which introduced to the alcohol-consuming population Corona, Modelo, and Pacifica.
This is probably the only situation where the words ‘sports car’ and ‘beer’ mentioned in the same sentence isn’t exactly a bad thing.
In any case, as far as the production of the cars are concerned, the turning-over to a new ownership won’t affect the scheduled 500 units that are currently being built at its plant in Germany and, unfortunately, despite having its new owners near local soil, the Artega GT is still not expected to be shipped in the US anytime soon.
The coupe version has so far been officially only sold in Europe, but the same rumor about the convertable also pointed to a possible U.S. distribution. If the Artega GT is a officially sold here, it may have an up hill battle. Its Volkswagen-sourced 300 hp 3.6-liter V6 makes it competition for cars like the Porsche Cayman, but its €75,000 (about $100,000 at direct current rates) prices it more in Porsche 911 Carrera 4S territory. The saving grace may be that the car is rare with only 500 units planned per year.
Over the past few days we have seen some new information about production beginning for the Artega GT. Now its time to see the hand-built budget sports car in action taking some laps at the Nardo ring in Italy.