- Last February, the company's namesake founder filed for insolvency and disappeared.
- Gemballa is already working on concepts for the Porsche Cayenne and Panamera.
- CEO Schwarz wants to expand the company as a manufacturer of engine tuning kits, body kits and brakes, among other things.
LEONBERG, Germany — After being closed down and liquidated, the well-known Porsche tuning firm Gemballa is set to reopen soon at the hands of new CEO Andreas Schwarz and investor Steffen Korbach.
Last February, Gemballa's founder, Uwe Gemballa, filed for insolvency and disappeared shortly thereafter, subsequently causing the company to be shut down and have its assets liquidated.
Andreas Schwarz reserved the rights of the old company and has now founded a new company called Gemballa GmbH. On top of the name rights, Schwarz has also acquired some of the old Gemballa's assets and is starting off with 22 employees. He plans to retain the overall Gemballa design philosophy and is already working on concepts for the Porsche Cayenne and Panamera.
"With a totally new company and an investment of millions, we are now looking toward a secure future," said Schwarz.
Schwarz is looking to expand the Gemballa brand as a manufacturer of engine tuning kits, body kits, rims, brakes and suspension systems. A showroom has been opened in Leonberg for interested customers to view its products.
You can visit the tuner's Web site for more details.
Inside Line says: It will be interesting to see if the Gemballa look changes much with fresh books and new management. — Mike Lysaght, Correspondent
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