Word out of Germany is that things aren't looking any better for Gemballa. The famed Porsche tuner is well on its way through bankruptcy after founder and CEO Uwe Gemballa suddenly "disappeared" in South Africa back in February. Judging by our less than trusty Google Translator, Auto Bild says that the company had trouble paying its employees and Uwe set up a shadow corporation with his mother as the sole stock holder just before pulling a Houdini. The article says that he was seeking investors
Porschephiles and automotive enthusiasts the world over recognize the name Gemballa. The German tuning house has been responsible for some of the most extreme creations on four wheels and has been a well-respected brand for decades. Now reports indicate that Uwe Gemballa, founder and head of the namesake aftermarket tuner, has gone missing.