Tram manufacturer plans restructuring

The traditional company Heiterblick has declared insolvency on its own account. The crisis also affects the Leipzig transport companies for which the company builds city and trams.

HeiterBlick GmbH, a medium-sized specialist provider for custom-designed city and trams, has submitted an application for insolvency proceedings in self-administration, which was granted by the Leipzig District Court. The so-called self-administration is an insolvency procedure in which the managing director, under the supervision of restructuring experts, takes over the essential tasks of an insolvency administrator. [...]

Tram manufacturer plans restructuring

GERMANY: A court has approved tram manufacturer HeiterBlick’s application for ‘self-administration’ as part of plan to restructure and regain its competitiveness.

HeiterBlick GmbH, based in Leipzig, has announced that the Leipzig District Court has ordered insolvency proceedings under self-administration at the request of the management. In December 2019, Würzburger Straßenbahn GmbH (WSB for short) ordered 18 new GT-F trams from HeiterBlick. Whether and what impact the insolvency filing will have on further production and [...]

Heiterblick in Leipzig builds trams according to individual customer requirements. Now the company is insolvent, but plans to renovate itself. It is about 250 jobs.

Leipzig tram manufacturer HeiterBlick is building new trams for Würzburg for 99 million euros. One has been delivered. The company is now insolvent. » read more