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Carl Malek

Recaro Automotive Files For Bankruptcy, BBS Files For Insolvency For the Fifth Time

Recaro Automotive Files For Bankruptcy, BBS Files For Insolvency For the Fifth Time

Changing market trends are forcing automakers to navigate rough waters as they adjust to the changing climate in EV adoption and lingering effects of the COVID-19 pandemic. However, it can be easy to forget that automotive suppliers have also been feeling the heat with some of them being forced to file for bankruptcy. Recaro Automotive and BBS are the two latest suppliers to be forced to enter these proceedings for varying reasons.