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Krämer Automotive Administrator Weighs Rescue or Liquidation After Lost Major Contract

Provisional administrator Dirk Poff has secured three months of insolvency pay for the supplier’s 18 employees, pending his decision on its future.

Overview

  • Krämer Automotive Systems filed for insolvency on July 17 at the Amtsgericht Tübingen after failing to secure a critical large order.
  • Dirk Poff, appointed as provisional insolvency administrator, is reviewing the company’s assets and operations to determine whether it can be restructured or must be wound down.
  • The Reutlingen-based firm employs 18 people and specializes in infotainment and digital cockpit modules for luxury automakers.
  • Its dependence on irregular, high-value contracts left the small supplier vulnerable when a key order was lost.
  • Krämer’s plight follows a summer wave of insolvencies among German auto suppliers and dealerships, highlighting wider financial strain in the sector.