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Paragon AG buys bankrupt Artega but doesn't plan to resume production

by Jonathon Ramsey (RSS feed) on Oct 8th, 2012 at 10:46AM

Artega has been bought by automotive supplier German firm Paragon AG. The fledgling sports car builder filed for bankruptcy in July, and while its staff and facilities have been saved, the Artega GT has not. Paragon makes a range of components from sensors to windshield wipers, but is expanding its EV and kinematics parts development and will use Artega's infrastructure to assist. The slinky, Fisker-designed, Volkswagen-engined, 300-horsepower coupe is not part of those plans. The Artega website has already been turned into a splash page, with Paragon reassuring GT owners that it will... Read More

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