New Gemballa CEO is Andreas Schwarz

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The renowned Porsche tuner Gemballa has just announced that its new CEO is Andreas Schwarz (40) who has reserved the rights of the old company. The Gemballa GmbH is built on what was left of the previous tuner after the liquidators broke it up. The new Gemballa is located at Mollenbachstraße 17 in Leonberg.

"With a totally new company and an investment of millions, we are now looking towards a secure future", says managing director (CEO) Andreas Schwarz.

Andreas Schwarz will get the help of investor Steffen Korbach who apparently put millions into the rebirth of a performance icon.

"As well as the rights to the name, we’ve also purchased some assets and are starting off with 22 employees", Schwarz continues. "We plan to continue the GEMBALLA design line following the old models. We’re already working on various concepts for the Porsche Panamera and the new Porsche Cayenne among others."

Schwarz says the main goal of the new company is to establish itself as a car manufacturer, rather than a tuner.

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Source: Gemballa