Automotive supplier
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Wave of bankruptcies keeps on going in automotive supply industry
The wave of insolvencies in the automotive supply industries keeps on going. A survey by the German Association of the Automotive Industry (VDA) shows that 43% of SMEs expect their situation to deteriorate this year.
With their backs against the wall
Automotive suppliers face another difficult year in 2025. Many SMEs face insolvency, while the larger companies are slashing thousands of jobs.
„Vitesco is still kind of a large start-up“
Before the merger with Schaeffler, Sabine Nitzsche, CFO of automotive supplier Vitesco Technologies, explains how the two companies differ and why flat hierarchies are important.
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