Henniges Automotive Exits Operations in Germany

Henniges Automotive says it filed for insolvency in German courts for its manufacturing plant and technical center.

• “The global pandemic and the semiconductor chip crisis have significantly contributed to declining sales and the additional escalation of raw material costs has contributed to the company’s inability to continue operations at these locations”
• Other Henniges Automotive operations are unaffected by the insolvency

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Sunil Kesur at skesur@bloomberg.net

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