Overview

• The Halle (Saale) District Court formally opened insolvency proceedings on July 3 for Bohai Trimet Automotive Holding and its four subsidiaries.
• Administrator Olaf Spiekermann confirmed that full-scale production has restarted at the Harzgerode (Saxony-Anhalt) and Sömmerda (Thuringia) plants.
• Initial negotiations with potential investors have begun as part of a longer process to stabilize the company’s finances.
• About 580 employees work in Harzgerode and 98 in Sömmerda, with roughly 500 additional jobs in the region dependent on the supplier’s output.
• Bohai Trimet is a unit of Chinese Bohai Automotive Systems and produces gearbox, chassis and body components for leading German and Italian automakers.