After Suri's Death, Aftermarket Recaro Company Starts Production Again Next Year

Jok Recaro. (Doc. Instagram/@recarautomotive)

JAKARTA - Recaro's aftermarket brand had become a hot topic of conversation among the world's automotives, having to swallow bitter pills due to serious financial problems.

Now, there is good news blowing for the suppliers of various well-known car brands. Reporting from the CarExpert website, Thursday, December 5, the automotive manufacturing company from Italy, Proma Group, took over the ownership of the seat-making company.

With the takeover of ownership of the brand supplying BMW, Volkswagen, and Porsche, Recaro will soon restart production more precisely in early January 2025.

The new Kempe owns also allows Recaro to keep some of its sales staff and technology at Stuttgart, although it is not yet known how many people were affected by bankruptcy filings in July.

"Our investment in Recaro Automotive will strengthen our ability to present premium seating products, while embracing the most up-to-date innovation in the automotive sector," said Proma Group CEO Luca Pino, in an official broadcast.

He further said Recaro's name is well-known around the world as a benchmark for German industrial technology, and Proma Group, a symbol of Italy's manufacturing advantage.

"Of course very enthusiastic about the future and the quality that will be expressed in the automotive market thanks to the unification of the two companies," he added.

As previously reported by VOI, news of Recaro's bankruptcy submission made shocking news for workers within the company. They have not been officially notified of this situation. IG Metall's union asked the company to provide transparency regarding this issue. Until now, only the Esslingen District Court has approved an independent administration request.

This move is quite surprising, considering Recaro is widely known as a supplier of car seats for leading automotive companies. More surprisingly, this decision was taken just four years after Recaro Automotive was sold by American company Adient to a private investment firm that promises faster efficiency and decision-making processes.

In addition, the delay in launching the latest model by British automotive manufacturer Ineos Automotive also contributed to Recaro's slump. Recaro has a supplier agreement with Ineos, but Sir Jim Radcliffe's company has postponed the launch of its two newest models, adding to Recaro's financial condition.