History
2024: Bankruptcy Rescue
In the summer of 2024, of the world's largest car seat manufacturers, Recaro filed for bankruptcy. However, in December 2024, the Italian company Proma Group signed an investment agreement with Recaro, so the latter is no longer in danger of bankruptcy.
The press release clarifies that the Proma Group was an investor in Recaro, and after the restructuring, the car seat business will be restored. Proma Group is a major manufacturer of automotive components that are produced in 25 plants in Europe, the Americas.
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