Overview

• SGF applied for insolvency in self-administration at the Mühldorf am Inn district court, with roughly 500 employees informed and wages secured via insolvency pay prefinancing.
• Attorney Michael Verken of Anchor Rechtsanwälte was appointed provisional supervisor at SGF, which says high debt rather than operations drove the filing and has launched an investor process.
• Huber Automotive filed for insolvency in Göppingen, the business continues for now, and preliminary administrator Martin Mucha (Grub Brugger) has been named as the firm seeks restructuring options.
• MVI Group entered preliminary insolvency in Wolfsburg with Tobias Hartwig (Schultze & Braun) appointed; about 300 staff have pay secured through at least September as the company targets stabilization.
• The companies cite reduced orders from struggling carmakers and broader sector pressures including weak demand, Chinese competition, the costly EV transition, and U.S. tariffs.