Gumpert Saved By Hong Kong Company; New Model Coming In 7 Days
Once a company that produced one of the fastest supercars in the world, Gumpert ceased to exist in 2013, when it filed for bankruptcy and went into liquidation. More than two years have passed since then, and it seems that the German brand will make a comeback under new ownership. Specifically, Gumpert was purchased by Hong Kong-based investment group Consolidated Ideal TeamVenture in December, and a new model will be revealed at the 2016 Geneva Motor Show in March.
According to World Car Fans, quoting an e-mail it received from the company’s new owners, the automaker has been renamed Apollo Automobil GmbH, and its first new vehicle is codenamed Arrow. Whether the new supercar is brand-new or based on the original Gumpert Apollo is still a mystery, but the firm promises to unveil more details on January 11. Also, the relaunched brand is likely to continue without Gumpert founder Roland Gumpert, who is reportedly working on a race-spec hypercar with Reiter Engineering and JAS Motorsport.
As for the company that saved the German brand, Ideal TeamVenture is the same investor group that bought De Tomaso for €1 million (about $1.09 million) in 2015. The consortium, which is based in Hong Kong but has legal status in the Virgin Islands, has yet to unveil its plans for Gumpert, but the new supercar is likely to be built in China, where future De Tomaso vehicles will also be produced.
Stay tuned for more info as the story develops.
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Why it matters
With so many small sports car ventures having gone under in recent years, it’s great to see that Gumpert is back on track. Sure, the company may have a different name now and Roland Gumpert is probably no longer a member of it, but the new name suggests that the next supercar should have some ties with the previous Apollo. The fact that the business was purchased by the same group which bought De Tomaso makes the story that much more interesting, but it remains to be seen what the Chinese have in store for these brands. What matters here is that Ideal TeamVenture relaunches both companies without diluting their legacies.
Read our full review on the Gumpert Apollo here.