Fuelics > Car News > Sport Seat Manufacturer RECARO Files For Insolvency

Take A Seat, RECARO Has Filed For Insolvency.

16th of August 2024

Photo from Unsplash by Willian Cittadin.

Iconic German sport seat manufacturer RECARO Automotive GmbH has recently filed for insolvency for the first time after over a century of doing business with the Local Court of Esslingen in Germany.

The company has come across significant financial challenges due to sharp price increases over the past few years and due to the loss of a major contract.

The company intends to keep producing its products throughout the insolvency process to honour all current orders and future customer inquiries. Shareholders have highlighted the company’s significance in the area and are committed to supporting its restructuring efforts.

Photo from Unsplash by Hoyoun Lee.

A Brief History On RECARO:

In 1906, at the age of 32 master saddler Wilhelm Reutter founded a carriage manufacturing company in Stuttgart Germany called Reutter. They designed and manufactured car bodies, interiors and vehicle seats. Focusing on both custom orders and small scale production to begin with. As time went on Reutter would later become known as RECARO.

Key Innovative Highlights by RECARO:

In 1965, the RECARO sports seat was introduced as the world’s first aftermarket seat for cars. It featured innovative foam padding and unique side bolsters that set it apart from other seats at the time.

Photo from RECARO.

In 2004, RECARO introduced the world’s first universal aftermarket seat with a side airbag that is compatible with various vehicle models and approved by ABE.

In 2019, RECARO’s Podium seats become the only retrofit shell seat on the market which is approved to be used on public roads with FIA homologation.

Photo from RECARO.

So Will RECARO Keep Reclining?

Nobody in the automotive industry wants to see RECARO go under and judging by what Frank Schröder has said on RECARO’s press release it sounds like RECARO will recover from this:

“By working together as a team with our employees, suppliers, and customers through the possibility of an insolvency plan under the German Law we expect to stand on solid ground again in a timely manner.”

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