Image: Drive
Image: Drive
AutoExec Summary
Recaro, known for automotive sports seats, and BBS, known for lightweight alloy wheels, are facing financial difficulties. Recaro, a supplier to BMW, Ford, Porsche, and Volkswagen, has filed for bankruptcy. BBS, a wheel supplier to Audi, Bentley, BMW, Ford, Mercedes-Benz, Porsche, Stellantis, and Volkswagen Group, has declared insolvency. Both companies have been affected by the presence of fake products in the market. Recaro was bought by Raven Acquisitions in 2020, and it is uncertain if the company will continue. BBS has faced insolvency multiple times, with reports of unpaid workers.
Brands mentioned: BMW, Ford, Porsche, Volkswagen, Audi, Bentley, Mercedes-Benz, AMG, Stellantis.
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