As announced Friday, Gemballa, the tuning firm that closed its doors after the disappearance of its founder Uwe Gemballa, was scheduled to hold a press conference on the Aug. 23. The move was seen as an opportunity for Gemballa to announce that it was going back into business – well, that’s exactly what happened.
Managing director Andreas Schwarz is now the company’s new CEO and investor Steffen Korbach is helping the company get back up on its feet. Schwarz reserved the rights to the old company and has now formed a new firm called Gemballa GmbH. Schwarz also acquired some of the old Gemballa assets and is launching the company with 22 employees.
“With a totally new company and an investment of millions, we are now looking toward a secure future,” said Schwarz.
Schwarz said that he plans to keep the Gemballa design philosophy going and that the company is already working on the Porsche Cayenne and the new Panamera.
– By: Omar Rana
Source: Inside Line