Company Rescue: Car Supplier Webasto Hopes for Renovation by 2028

Zeit Online

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Here you will find information on the topic "Business Rescue". Read now "Car suppliers Webasto hopes for renovation by 2028".

finance-magazin.de

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Webasto won for its renovation shortly before the end of the year. The company, owners and financiers agreed to extend the stabilisation agreement – but only until "the summer."

stern.de

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The crisis in the German car industry is hitting the suppliers far harder than the actual manufacturers. At Webasto, the situation is so difficult that the renovation will take years.The damaged car supplier Webasto plans a well-three-year restructuring until the expected financial recovery in 2028. The restructuring is according to plan and the financing solution is "in sight", said CEO Jörg Buchheim. First, the stabilisation agreement conclude…