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HeilSvenska 02-23-2010 12:25 PM

Gemballa goes into insolvency after the owner's disappearance
If you haven't heard already Uwe Gemballa has been missing in South Africa. It's been rumored that he may be on the run after he failed to repay massive amounts of debt. There's been also talk of his being kidnapped, but the German Police isn't considering it a kidnapping case.

Now, the Gemballa's being in dept is now being proved true as the German government, who has taken over Gemballa for the time being, has declared the company insolvent meaning that it has no money to pay off its debt. It's not clear how the company will get out of this one.

Daewoo anyone?

hymera003 02-23-2010 04:14 PM

this is the saddest thing I've heard this year:ohmy:

enzoferrari 02-23-2010 11:26 PM

Yeah this sucks! I thought Gemballa was a solid company.

zeus_2011 02-24-2010 04:16 AM

Montezemelo probably got someone to kidnap him ;-) judging by this

enzoferrari 02-24-2010 04:47 PM

Poor Enzo :( ^

enginestart 04-08-2017 07:50 AM

Thx for posting this info!

enginestart 05-25-2017 03:51 AM

It's amazing car!

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