apollo

Another name saved from oblivion – this time, it’s Gumpert Sportwagenmanufaktur, the boutique sports car company behind the Apollo and Apollo Speed. The company filed for bankruptcy in 2013 and was liquidated when an investor backed out at the eleventh hour, sealing its fate.

It’s apparently back in the game now – according to the grapevine, Hong Kong-based investors have bought over the brand, though the resurrection will also bring about a new name. World Car Fans reports that the HK investors emailed the publication and identified themselves as Consolidated Ideal Team Venture, the people behind the purchase of De Tomaso in mid-2015.

The new owners have renamed the concern into Apollo Automobil, and a countdown timer on its website is marking down the hours and minutes towards what is tagged as ‘a new chapter’ that begins on January 11. The new company, WCF adds, is set to debut a new Apollo called the Arrow in Geneva, so that may well be the primary subject highlighted when the website goes live.

In its original guise, Gumpert was the brainchild of ex-Audi man Roland Gumpert, who was the brand’s motorsports division manager in the 1970s and the 1980s, where he led Audi to win four Rally World Championship titles. The Gumpert Apollo, powered by a 4.2 litre V8 derived from the Audi RS4, came about in 2007, and the Apollo Speed debuted two years later.