Overview
- The family-owned group filed for insolvency on 26 August and the Amtsgericht Charlottenburg published a notice on 1 September, naming Dr. Rainer Eckert as provisional insolvency administrator.
- Confidential figures reported by multiple outlets show more than €212 million of due liabilities and only about €1.3 million in cash at the time of the filing.
- Management and the provisional administrator say sales, workshop work and parts supply will continue at all locations and that employees’ August wages are covered by insolvency pay.
- Shareholders, Renault, Stellantis, creditor banks and the provisional administrator are negotiating a continuation and restructuring plan with a creditor committee already involving manufacturers and insurers.
- The company’s collapse is being linked to long-term pressures on big dealer groups—rising fixed costs for many sites, thinner new-car margins from electrification and changing manufacturer distribution models that increase cash demands.