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Login for: Bankruptcies in the auto industry: getting used to the sweet poison

In the first ten months, the number of bankruptcies in the automotive sector halved compared to the same period in the previous year, according to an analysis by the restructuring consultancy Falkensteg. But companies in the automotive supplier, mechanical engineering and logistics sectors shouldn’t feel too safe.

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So far there have been fewer bankruptcies in the automotive industry than last year. (Photo: DPA / Angelika Warmuth)

From January to October 2021, 22 companies from the automotive sector with a turnover of more than ten million euros had to file for bankruptcy with the local courts. A significant decrease compared to the same period last year when 45 companies had filed for bankruptcy. At the end of 2020 there were a total of 56 companies, according to the Finance Insolvency Report of …

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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