Gumpert, the German manufacturer of the Apollo supercar, is reportedly bankrupt once more.
The company founded by ex-Audi engineer Roland Gumpert had declared bankruptcy for the first time in August last year, however an abortive attempt to secure funding has seen the company once again insolvent.
Gumpert had reportedly been courting two investors who were interested in backing the boutique supercar-maker earlier this year, however when both deals fell through last month it was the last straw. The last 19 employees were let go, and Gumpert closed the doors at its Altenburg factory.
Had Gumpert been able to find a major investor, it could have brought its Tornante concept (below) to production, giving Gumpert a more road-friendly partner to its track-focused Apollo supercar.
Instead, the company will likely fade into the history books just shy of its tenth birthday.
News of Gumpert's demise comes at a particularly bad time for German boutique automakers. Not only did Artega shut up shop late last year, but compatriot Wiesmann also announced its insolvency just last month.