GUM1
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John Mahoney1 Jan 2016
NEWS

Gumpert brought back from the dead

Hypercar maker to be resurrected by Hong Kong investors after going bankrupt back in 2013

German hypercar-maker, Gumpert, has reportedly been plucked from the abyss by a consortium of investors from Hong Kong.

The news, reported by car blog gtspirit.com, claims the car-maker will be rescued by a group fronted by exotic car workshop, SPS Automotive Performance, that’s based in Hong Kong.

Details, so far, of the rescue package are scarce. It’s not even been confirmed what the investors have physically bought - if anything, following the car-maker was declared bankrupt and liquidated back in 2013.

Originally, Gumpert got into financial difficulties back in 2012 when it saw a drop off in sales in China. This subsequently triggered the firm’s main Chinese investor to pull the plug on the car-maker’s funding.

Fresh hopes that the car-maker might be saved by another Chinese backer in 2013, but these turned out to be false.

The German car-maker became famous for its Apollo hypercar that came with an Audi-based 4.2-litre twin-turbo V8 engine that pumped out an incredible 478kW and 850Nm, enabling the 1200kg coupe to rocket to 100km/h in 3sec, and on to 200km/h in just 8.9sec. Top speed was quoted at 360km/h.

Priced from around $700,000, an even more powerful (and expensive) 600kW versions followed and, when production finished some time in 2013, the firm had delivered more than 60 cars.

Back in 2011 the firm unveiled the Tonante -- a more practical and luxurious take on the Apollo -- and it’s been rumoured that this could be the car the new firm is pinning its hopes on.

More is expected to be revealed on the deal in the coming days with a surprise appearance at the Geneva motor show a strong possibility.

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