Overview
- The German entities filed for insolvency on Nov. 4, with Volker Böhm of Schultze & Braun appointed as preliminary administrator.
- Three sites are affected: Diepersdorf in Bavaria (~830 employees), Oberlungwitz in Saxony (~95), and Lüdenscheid in North Rhine-Westphalia (~120).
- Employee wages are covered for the next two months through insolvency pay, enabling continued operations during the review.
- Böhm plans intensive discussions with major automaker customers and key suppliers to explore restructuring or other rescue options.
- The supplier, which makes radiator grilles, mirror caps, and steering‑wheel covers, points to weaker European car sales and higher raw‑material and energy costs as the main pressures.