German automotive giant officially declares bankruptcy
Germany-based automotive giant Federnfabrik Erwin Lutz has raised the white flag of bankruptcy due to the global crisis.
The global economic crisis has also hit a Germany-based automotive giant.
In the face of severe economic difficulties affecting the globe, companies in many regions of the US and Europe are shutting down. Most recently, the Germany-based automotive parts supplier Federnfabrik Erwin Lutz announced that it has declared bankruptcy.
THEY HAD FILED FOR BANKRUPTCY
According to the report in Ekonomim, the automotive supplier Federnfabrik Erwin Lutz, which operates in Eningen unter Achalm near Reutlingen in the state of Baden-Württemberg, has gone bankrupt.
As reported by several media outlets, the company filed for bankruptcy at the local court in Tübingen on August 9. Jürgen Sulz, a lawyer from Reutlingen, has been appointed as the provisional insolvency administrator.
News Source: 12punto
Most Read
Galatasaray announces injury updates for Osimhen, Lemina, and Singo
Attention online sellers: Tax monitoring expanded
VAR for the Fenerbahçe-Beşiktaş derby has been announced!
Bridges and highways are being privatized: 15 July and FSM are also on the list
Peugeot September 2026 price list is out
New details emerge in 'panel' operation targeting lawyers
Gökçek era detail in ABB investigation
Özlem Şanver: 'He said he would change, I believed him; should I be beaten just because I didn't leave?'
First statement from Osimhen after injury in Başakşehir match
The Süper Lig's new team becomes the transfer champion