A very surprising development came to the agenda from the automobile world today. Seat manufacturer Recaro, filing for bankruptcy found.
You have probably come across Recaro seats in real life, in games, in movies or on the internet. The company sells special car seats designed for sports cars and also has partnerships with major brands. became a hot topic today with a surprise bankruptcy development. The company, which is also in the office chair sector, is currently specifically “Automotive” well filed for bankruptcy in the automobile category. It is reported that the company’s airplane, office chairs, gaming chairs and baby seats are not affected by the bankruptcy for now. It is recalled that along with the Recaro development, the famous rim manufacturer BBS has also filed for bankruptcy for the fifth time. Electric car manufacturer Fisker was behind the bankruptcy development that was on the agenda before this in the sector. One of the companies that cannot stand out in the electric car market Fiskerintroduced four new electric vehicles in recent months, specifically from the company Ronin, Pear, Alaska And Force E had come. The company, which showed a future with these models, also gave a strong signal that it would continue to stay in the field with the vehicles. However, the company’s business did not go as it wanted and a “Chapter 11” bankruptcy application was made in the USA. According to a post, the aim of the company, which filed for Chapter 11 bankruptcy in the USA, is to continue to stay in the market, unlike Chapter 7. In a statement made on this subject, The following are being conveyed:
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“The purpose of a company applying for Chapter 11, unlike Chapter 7, is to remain in the market. To do this, the bankruptcy court can cancel some or all of the company’s debts. The logic here is that the company is worth more than the sum of its assets. The advantage for creditors is that if the company gets back on track financially, they can earn more than they could from selling the assets. Because as a result of canceling the debts, the current owners of the company lose all their rights over the company and the company is taken over by creditors.”
The company has recently made a lot of noise, especially with the video below shared by famous YouTuber Marques Brownlee. Brownlee, who examined the company’s electric vehicle called “Ocean”, said that “This Is The Worst Car I’ve Ever Reviewed” Brownlee stated that there were many problems with the vehicle, and when this video exploded on the internet, the company’s shares dropped significantly.