or passenger cars) and Keiper (for commercial vehicles), the product business unit Recaro Automotive Seating, which belongs to Johnson Controls, carved out to offer complete premium seats for passenger cars and commercial vehicles under its new brand name Recaro.-In July 2024, the Company filed for insolvency with the Local Court of Esslingen in Germany due to financial difficulties caused by rising costs in recent crisis years and the loss of a ...

Major Suppliers  Updated at: 2025/07/02

omotive Structures business. 2012 Acquired Farsund Aluminium Casting AS (FAC) in Norway. 2014 Closed facilities in Brampton, Canada; Opelika, U.S.; and Grand Rapids, U.S. Also sold facilities in Tigre, Argentina; Melfi, Italy; and St. Ursanne, Switzerland. Sep. 2014 Acquired two branches from insolvency assets of Wilco Wilken Laser GmbH & Co. KG, a laser cutting company. Jul. 2015 Formed a joint venture with Changan Automobile called Bent...

Major Suppliers  Updated at: 2025/04/25

ss release on September 21, 2009)  IAC Group announced that it has executed a definitive agreement to acquire certain operations of Stankiewicz GmbH and Gimotive GmbH (collectively Stankiewicz). Stankiewicz, a supplier of insulations, dampening products, sound absorbers, floor coverings, filed for insolvency in December, 2008. Under this agreement, IAC will acquire 9 manufacturing sites in Germany, Belgium, Czech Republic and Poland. (From a pre...

Major Suppliers  Updated at: 2025/03/12

ational Limited stock exchange notification dated July 13, 2023) Samvardhana Motherson International Limited (SAMIL) via its 100% subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV) entered into an agreement to acquire assets and shares of the Dr. Schneider Group entities from the insolvency administrator. The overall enterprise value of this transaction is approximately EUR 118.3 million subject to certain actualisation. The de...

Major Suppliers  Updated at: 2024/12/12

THB 3,914.7 million. The increase in sales was due to the continuing order increase of battery electric vehicle (BEV) parts, which was accounting for 20% of sales in 2023. Restructuring -On March 31, 2023, the Company's German subsidiary, P.C.S. Precision Works Germany GmbH (PWG), applied for an insolvency procedure to maintain current liquidity and cash balance. The German Court already accepted the request. -On August 11, 2023, the Company's...

Major Suppliers  Updated at: 2024/12/05

AEQUITA HELLA to become sole shareholder of brake joint venture Hella Pagid with TMD Friction Nisshinbo Holdings attempting to prop up European brake business Nisshinbo unveils new midterm business plan TMD Friction Group has been forced to file its German operating and holding companies for insolvency. The rapid slowdown in the automotive industry has led to a very high level of pressure on the company''s cash flow. (From a press release ...

Major Suppliers  Updated at: 2024/11/14

sells shares in Chinese joint venture DDE Deutz opens new Innovation Center Deutz supports change of ownership for the Neue Halberg Guss business operations Deutz demonstrates its commitment to renewable mobility Deutz partners with KEYOU for CO2-free mobility Deutz expects earnings burdens due to insolvency of major supplier Deutz acquires battery specialist Futavis Deutz shuts down production and suspends forecast for the 2020 financial year ...

Major Suppliers  Updated at: 2024/11/08

Body Components by the Spanish company Gestamp Automocion. The takeover is thus legally effective as of April 1, 2010. Gestamp manufactures metal components and structural systems for the automotive industry. (From a press release on March 22, 2010) Edscha AG filed an application for the opening of insolvency proceedings on Feb. 2, 2009. The reasons for filing for insolvency are the massive declining trends in the global automobile market in comb...

Major Suppliers  Updated at: 2024/11/08