Photo: Artega
Small German carmaker Artega recently announced that it has filed for insolvency, with the company using its official website to make the announcement. Artega has turned to local courts in Paderborn, Germany after an plan that was supposed to see it overcome its financial issues failed. This included an Asian investor, which decided to pull the plug at the last moment.
Artega was founded in 2006 and one year later it showed up at the Frankfurt Auto Show with the GT, a mid-engined, two-seater sportscar. Subsequently, an electric version of the car was developped. We recently reported that Artega was developing a roadster version of the GT, but the new car might not have any chance to making it into production.
The automaker is trying to find new investors and is looking to enter a restructuring process, while the fate of its 34 employees is uncertain at the moment.
The automaker is trying to find new investors and is looking to enter a restructuring process, while the fate of its 34 employees is uncertain at the moment.
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