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Gumpert latest German casualty

The company's fate follows the closure earlier this month of sister German companies Melkus and Artega.

Three German companies have fallen over this month. The latest to fall is German specialist supercar maker Gumpert, this week in the hands of administrators who consider the marque well placed for revival.

Gumpert, founded by former Audi Sport director Roland Gumpert in 2004, built the impressive $500,000-plus Audi-powered coupe, Apollo. The company's fate follows the closure earlier this month of sister German companies Melkus and Artega.

Melkus filed for bankruptcy citing poor sales volumes for its Volkswagen Golf GTI-powered mid-engined coupe, the RS2000. The company has origins in East Germany in 1959.

Artega was closed by its owners, Mexican-based investment company Tresalia Capital that also owns Corona brewery. It made a Volkswagen V6-engined coupe, the Artega GT.