Auto supplier from Baden-Württemberg files for bankruptcy

As of: February 29, 2024, 5:03 p.m

By: Julian Baumann

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The auto industry is currently struggling with problems.

© Sina Schuldt/dpa

The automotive industry in Baden-Württemberg is struggling with problems.

An automotive supplier has now filed for bankruptcy.

Stuttgart - The automotive industry in Baden-Württemberg is facing major challenges.

Bosch and ZF Friedrichshafen, two of the largest automotive suppliers, are planning to cut thousands of jobs, while the traditional company Allgaier is struggling with insolvency problems.

Now another auto supplier from the state has filed for bankruptcy, which in the worst case scenario could affect 5,000 employees worldwide.

At

you can read which automotive supplier has filed for bankruptcy and what that means for the employees.

Allgaier's insolvency administrators recently announced that the headquarters in Baden-Württemberg had been secured for the time being.

The editor Julian Baumann wrote this article and then used an AI language model for optimization at his own discretion.

All information has been carefully checked.