Auto Supplier Webasto Appoints Crisis Manager to Overhaul Operations

Facing financial losses and declining market performance, Webasto enlists restructuring expert Johann Stohner to lead a comprehensive turnaround strategy.

• Webasto, a leading German auto parts supplier, has brought in Johann Stohner as Chief Restructuring Officer to address its financial and operational challenges.
• The company reported a €195 million loss in 2023 despite increased revenue of €4.6 billion, with debts exceeding €1 billion.
• Stohner, an experienced restructuring specialist, aims to streamline operations, reduce production capacities, and refine the company’s product portfolio.
• Webasto has already closed multiple sites in China, the US, and Mexico, with plans to shut down its Rochester Hills, Michigan location by mid-2025.
• A new restructuring plan, to be finalized by early April, will involve close collaboration with the board, employees, and creditors, with potential implications for the workforce.

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