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10-08-2012, 09:49 AM
Filed under: Coupe (http://www.autoblog.com/category/coupes/), Performance (http://www.autoblog.com/category/sports/), Europe (http://www.autoblog.com/category/euro/), Earnings/Financials (http://www.autoblog.com/category/earnings-financials/), MISC (http://www.autoblog.com/category/misc/)
http://www.blogcdn.com/www.autoblog.com/media/2012/10/artegagtpurchase.jpg (http://www.autoblog.com/photos/artega-gt-panoramic-geneva-2012/)
Artega (http://www.autoblog.com/tag/artega/) has been bought by automotive supplier German firm Paragon AG. The fledgling sports car builder filed for bankruptcy in July (http://www.autoblog.com/2012/07/04/artega-files-for-bankruptcy/), 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 (http://www.artega.de/index_en.html) has already been turned into a splash page, with Paragon reassuring GT owners that it will continue to provide service and replacement parts.
Farewell, Artega.Paragon AG buys bankrupt Artega but doesn't plan to resume production (http://www.autoblog.com/2012/10/08/paragon-ag-buys-bankrupt-artega-but-doesnt-plan-to-resume-produ/) originally appeared on Autoblog (http://www.autoblog.com) on Mon, 08 Oct 2012 10:46:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Permalink (http://www.autoblog.com/2012/10/08/paragon-ag-buys-bankrupt-artega-but-doesnt-plan-to-resume-produ/) | Email this (http://www.autoblog.com/forward/20343495/) | Comments (http://www.autoblog.com/2012/10/08/paragon-ag-buys-bankrupt-artega-but-doesnt-plan-to-resume-produ/#comments)
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http://www.blogcdn.com/www.autoblog.com/media/2012/10/artegagtpurchase.jpg (http://www.autoblog.com/photos/artega-gt-panoramic-geneva-2012/)
Artega (http://www.autoblog.com/tag/artega/) has been bought by automotive supplier German firm Paragon AG. The fledgling sports car builder filed for bankruptcy in July (http://www.autoblog.com/2012/07/04/artega-files-for-bankruptcy/), 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 (http://www.artega.de/index_en.html) has already been turned into a splash page, with Paragon reassuring GT owners that it will continue to provide service and replacement parts.
Farewell, Artega.Paragon AG buys bankrupt Artega but doesn't plan to resume production (http://www.autoblog.com/2012/10/08/paragon-ag-buys-bankrupt-artega-but-doesnt-plan-to-resume-produ/) originally appeared on Autoblog (http://www.autoblog.com) on Mon, 08 Oct 2012 10:46:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Permalink (http://www.autoblog.com/2012/10/08/paragon-ag-buys-bankrupt-artega-but-doesnt-plan-to-resume-produ/) | Email this (http://www.autoblog.com/forward/20343495/) | Comments (http://www.autoblog.com/2012/10/08/paragon-ag-buys-bankrupt-artega-but-doesnt-plan-to-resume-produ/#comments)
More... (http://www.autoblog.com/2012/10/08/paragon-ag-buys-bankrupt-artega-but-doesnt-plan-to-resume-produ/)