Overview

• Tobias Hartwig was appointed preliminary insolvency administrator for MVI Group by the Wolfsburg court on August 21, with the business kept running to maintain customer projects.
• Huber Automotive filed on August 27 in Göppingen, where the court named Martin Mucha as preliminary administrator, and the company says operations will initially continue.
• MVI says around 300 employees have wages secured at least through the end of September via insolvency pay, and it aims to cover payroll from operating cash flow starting in October.
• Huber reports a sharp revenue drop to €38.9 million in 2023/24—about 58% lower year over year—and earlier creditor concessions this year did not stabilize liquidity; roughly 73 employees are currently listed as affected, with some reports citing around 100.
• MVI links its cash squeeze to weaker client demand tied to the auto downturn, and notes that other companies in the MVI Group are not affected and continue operating.