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Gumpert hit the wall

Cookie_Monster · 2012-09-06 01:16:40

Receivers appointed... http://www.nzherald.co.nz/motoring/news/article.cfm?c_id=9&objectid=10831497

06-09-2012 1:16am

#1

Cookie_Monster

Registered Users, Registered Users 2 Posts: 24,537 ✭✭✭✭

Join Date: October 2007

Posts: 23232

Receivers appointed...

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.

http://www.nzherald.co.nz/motoring/news/article.cfm?c_id=9&objectid=10831497

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