Loss of sales in the millions – car supplier is insolvent. Business operations will initially continue without restrictions.
The wages and salaries of the 174 employees are secured by insolvency money from February to April. The aim is to look for investors as quickly as possible. This is the second insolvencies since 2019. At that time, the company was able to continue after the investment company NBank Capital joined SD Automotive. Now another automotive supplier has been hit by declining orders from car manufacturers.