I guess they've left their customers in an uncomfortable position.
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Recaro seats seem to have split into many sections each separate but producing chairs for big arenas, gaming and other non-automotive areas - but it's the car seat company that is in trouble.
I've also heard that BBS wheels is in trouble - odd since they currently hold the F1 contract and many other motorsport contracts.
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Years ago I had an alloy wheel manufacturer as a client.
The manufacturing process was fairly crude.
Two things surprised me:
1. Car manufacturers rarely designed the wheels themselves. They had a model and would ask the client to design suitable wheels.
2. The mark-up made by the car manufacturer - the client at the time would sell an alloy wheel for say £25 each. The retail price in the showroom was £2k!!!
In the end, the company couldn't compete and shifted manufacturing to South Africa.
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Someone lost their seat on the board
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Run by backstreet drivers no doubt.
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