RE: Artega goes into administration
Thursday 5th July 2012
Artega, the German sports car company whose Evora-chasing coupe was designed be Henrik Fisker (he of Fisker electric cars fame), has filed for bankruptcy.
According to a short statement published on its own website, the move for insolvency was precipitated when a proposed sale of the company to an Asian investor fell through.
Artega goes into administration
German sports car company looking for investors as Asian buyout fails
Artega, which was last sold just two years ago to a Mexican beer heiress, remains open for business while it works with administrators to find new investors, which will no doubt be a relief to its 34 employees.
We certainly hope Artega does find a buyer - we enjoyed the Artega GT we drove at the Nurburgring a little while back, and it's never good news when a plucky sports car company goes under...
Discussion
GTRene said:
shame...hope they find a good buyer, the car is worth it!!
maybe VW can buy them (when they have the money since they also bought Porsche complete)
the Artega uses some parts of VW like the nice 3.6L engine...
come one VW buy Artega too.
Didn't VW & Porsche buy each other? VW also bought Karmann a short while ago.maybe VW can buy them (when they have the money since they also bought Porsche complete)
the Artega uses some parts of VW like the nice 3.6L engine...
come one VW buy Artega too.
Yes, I do hope Artega do find a way out.
pagani1 said:
Lovely Car but toooooo expensive for it's market slot (Lotus take note).
i think we all owe Mr Bahr a vote of thanks for getting it to the market before he was let go.
...although it was in development *way* before Dany Boy came on the scene at Lotus, so don't give him too much crediti think we all owe Mr Bahr a vote of thanks for getting it to the market before he was let go.
Been saying this would happen for years, it took longer than i expected it would do.
Perhaps artega should have been trying much harder to build a dealer network, actually make some proper attempt to market the car etc.
Cool car but doomed.
As for all the comments about pricing, let me say what i have said soooo many times before on here **You can NOT build a low volume hand crafted car for little money** those days have been and gone and even when they was still here most companies ran at a loss.
Perhaps artega should have been trying much harder to build a dealer network, actually make some proper attempt to market the car etc.
Cool car but doomed.
As for all the comments about pricing, let me say what i have said soooo many times before on here **You can NOT build a low volume hand crafted car for little money** those days have been and gone and even when they was still here most companies ran at a loss.
RJDM3 said:
As for all the comments about pricing, let me say what i have said soooo many times before on here **You can NOT build a low volume hand crafted car for little money** those days have been and gone and even when they was still here most companies ran at a loss.
Indeed, it cost lots and lots of money, especially when you want a good product.its not like 3 man in a shed making a sports car and every car is a bit different which is not a big problem when you built a handful cars a year but when you want a real line up and try to make a few 100 a year then its completely different...
It also was just in the wrong time with the crisis coming etc.
hopefully they will find a big company who can back them...they just opened a dealership in Japan or China? I believe...anyway could be a grow market there.
https://www.facebook.com/home.php#!/artega.de
That's a (predicatable) shame. Nice though it is the level of engineering and quality of sports car from larger maufacturers are making it increasingly hard for buyers to choose a car like this, good though it was, over products from Lotus, Porsche, etc. Artega going into adminsitration only adds fuel to the potential issue of a small manufacturer disappearing once you've spent considerable amounts of money with them.
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