German sport seat manufacturer Recaro has filed for bankruptcy, and what the future holds for the company isn't clear yet.
Recaro, a German brand best known for supplying seats to sports car manufacturers and racing teams, has filed for bankruptcy. The company declared bankruptcy in a German court on July 29, 2024, and officials appointed a Stuttgart-based lawyer named Holger Bl�mle to oversee the process. Note that not every company named Recaro is bankrupt; it's just Recaro Automotive Seating, which makes car seats.
It's also too early to tell what will happen to its 215 German employees. German magazine Auto Bild notes these men and women have 'contributed to the economic stabilization of the company by waiving and postponing wages' for years, which suggests the firm's financial problems are deeply rooted.
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