JDI negotiates with US semiconductor manufacturer Micron to sell Mobara Fab, selling assets to improve insolvency It was revealed on March 26 that Japan Display Inc. (JDI) is negotiating with U.S. semiconductor manufacturer Micron Technology, Inc. (Micron), to sell its Mobara Fab (Mobara City, Chiba Prefecture), JDI’s main base for LCD panel production. JDI disclosed at its consolidated financial results briefing for the April-December 2025 ter...

News  Updated at: 2026/03/27

India tribunal orders liquidation of Hero Electric Vehicles On March 3, the National Company Law Tribunal (NCLT) in New Delhi ordered the liquidation of Hero Electric Vehicles Pvt Ltd after creditors failed to approve any resolution plan before the extended insolvency deadline of February 13, 2026. Despite multiple bidding rounds and two rival plans, the best‑supported proposal secured only 47.66% of creditor votes, below the required 66%, leav...

News  Updated at: 2026/03/13

Bajaj, India, to reduce 500 employees amid restructuring of PIERER Mobility, Austria On January 13, Bajaj Auto Limited announced that KTM AG is taking necessary steps after its insolvency to strengthen competitiveness by cutting fixed costs, simplifying structures, focusing the product portfolio, and optimizing international locations and leadership. It will reduce around 500 positions, mainly salaried roles and middle management. The headcount a...

News  Updated at: 2026/01/14

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: 2026/01/07

ecision and can be extended for three months upon application by the pre-restructuring administrator in the presence of legitimate reasons. The court decision shows that as of April 30, 2024, Human Horizons’ known due and unpaid debts have exceeded its total assets. This indicates the company’s insolvency, constituting grounds for bankruptcy. On June 16, Dongfeng Yueda announced that it will halt production at its Yangchen First Plant in Jian...

OEM Plants  Updated at: 2025/12/31

d FCSD and in Niehl stopped work and followed the call for a warning strike. With the planned restructuring and Ford Motor Company ending its letter of comfort, the works council and IG Metall are demanding a strong future and job protection for all 11,500 employees in Cologne, even in the event of insolvency. On May 14, multiple sources reported that IG Metall, the workers' union, organized a 24-hours strike at the Ford factory in Cologne, Germa...

OEM Plants  Updated at: 2025/12/24

the continuation of its operational business. SKion intends to preserve the technologies available at BMZ as well as the extensive expertise of its employees in this field.  The BMZ Group is a leading international manufacturer of lithium-ion battery systems. In October, BMZ Germany GmbH filed for insolvency under self-administration. In the coming months, the focus will be on stabilising and expanding customer and supplier relationships as well...

News  Updated at: 2025/12/22

have already expressed interest in acquiring insolvent automotive supplier Kiekert AG. Meanwhile, production continues unchanged and at full capacity. Orders are being manufactured and delivered on time. All 700 employees will remain with the company. After the initially announced withdrawal of the insolvency application failed to materialize, the responsible Wuppertal District Court opened insolvency proceedings as planned on December 1, 2025. T...

News  Updated at: 2025/12/03

ded bankruptcy is the only option while all realistic options to obtain financing during the Swedish bankruptcy process. After the filing, a Swedish court-appointed trustee will manage the process, including selling the business, handling assets, and settling debts. The process will follow Swedish insolvency law to ensure a smooth transition. Northvolt has nominated Mikael Kubu as trustee. The entities Northvolt AB, Northvolt Ett AB, Northvolt ...

OEM Plants  Updated at: 2025/11/12

Viritech, UK, ceases all trading, plans insolvency On October 23, Viritech Ltd. ceased all trading with immediate effect. The board is now taking steps to place the company into Creditors’ Voluntary Liquidation (CVL), i.e. insolvent liquidation, and a licensed insolvency practitioner will be appointed to assist with the process and communicate with creditors in due course. Viritech is a cleantech company that develops hydrogen powertrain soluti...

News  Updated at: 2025/11/03

ded bankruptcy is the only option while all realistic options to obtain financing during the Swedish bankruptcy process. After the filing, a Swedish court-appointed trustee will manage the process, including selling the business, handling assets, and settling debts. The process will follow Swedish insolvency law to ensure a smooth transition. Northvolt has nominated Mikael Kubu as trustee. The entities Northvolt AB, Northvolt Ett AB, Northvolt ...

OEM Plants  Updated at: 2025/10/27

Axent Capital Partners, Switzerland, takes over Eissmann Group, Germany On October 14, Axent Capital Partners AG announced that it had taken over the German Eissmann Group. The takeover consists of the acquisition of the assets of Eissmann Automotive Deutschland GmbH, Bad Urach, which filed for insolvency in March 2024, as well as the acquisition of shares in the foreign subsidiaries. Eissmann Group supplies high-quality interior solutions for pr...

News  Updated at: 2025/10/17

d subsidiary. DMOS GmbH is an IC design center providing services in the IC development from specification to production. This includes design, test, and software development for mixed-signal high-voltage ICs.  As a result of the share acquisition, DMOS GmbH was able to withdraw its recently filed insolvency petition. A lifting of the preliminary insolvency proceedings by the competent court is expected shortly. This also eliminates the uncertai...

News  Updated at: 2025/10/17

Winning BLW, Germany, starts insolvency proceedings under self-administration On October 8, German trade union IG Metall announced that Winning BLW GmbH, a major automotive and construction machinery supplier, has initiated insolvency proceedings under self-administration. Multiple sources reported that the company has 500 employees across three sites in Remscheid, Duisburg, and Penzberg (Bavaria). The company plans to continue operations under s...

News  Updated at: 2025/10/08

Kiekert files for insolvency after Chinese shareholder Lingyun cuts funding Multiple media sources reported that Kiekert AG has filed for insolvency after its Chinese parent company, North Lingyun Industrial Group Co., Ltd. (Lingyun), cut off funding and failed to meet financial obligations amounting to hundreds of millions of euros. The shareholder, affected by US sanctions policy, has denied Kiekert access to key markets and financing. The comp...

News  Updated at: 2025/09/24

ded bankruptcy is the only option while all realistic options to obtain financing during the Swedish bankruptcy process. After the filing, a Swedish court-appointed trustee will manage the process, including selling the business, handling assets, and settling debts. The process will follow Swedish insolvency law to ensure a smooth transition. Northvolt has nominated Mikael Kubu as trustee. The entities Northvolt AB, Northvolt Ett AB, Northvolt ...

OEM Plants  Updated at: 2025/09/22

ded bankruptcy is the only option while all realistic options to obtain financing during the Swedish bankruptcy process. After the filing, a Swedish court-appointed trustee will manage the process, including selling the business, handling assets, and settling debts. The process will follow Swedish insolvency law to ensure a smooth transition. Northvolt has nominated Mikael Kubu as trustee. The entities Northvolt AB, Northvolt Ett AB, Northvolt ...

OEM Plants  Updated at: 2025/09/19

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: 2025/09/16

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: 2025/08/27

riction TMD Friction locates Chinese headquarters, Asian R&D center in Pinghu County, Zhejiang 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: 2025/08/26