Proma Group, an Italian supplier of automotive parts, has stepped in at the 11th hour to rescue Recaro Automotive from financial ruin, and plans to relaunch the company as early as January 2025. … [Read more...] about Italian Company Rescues Recaro from Bankruptcy
Industry Trends & Reports
There are No More Handbrakes Left to Wrap
In 2024, only one new-model vehicle — the Dacia Spring — came equipped with a manually operated handbrake, marking a turning point in automotive design. … [Read more...] about There are No More Handbrakes Left to Wrap
The Synthetic Leather Market Will Reach $77 Billion by 2032
The synthetic leather market is currently valued at $38.9 billion, but it’s expected to jump to $77 billion by 2032, according to a new industry report. … [Read more...] about The Synthetic Leather Market Will Reach $77 Billion by 2032
Car Seat Workers Get Big Pay Raise After Voting to Strike
Congratulations to the 200 workers at Pullmaflex's manufacturing plant in Ammanford, Wales, for winning a double-digit pay increase after voting for a strike action. … [Read more...] about Car Seat Workers Get Big Pay Raise After Voting to Strike
Ineos Halts Grenadier Production Over Recaro Bankruptcy
Ineos Automotive has reportedly paused the production of its Grenadier SUV and Grenadier Quartermaster truck because it can't procure the Recaro seats it needs to complete the builds. … [Read more...] about Ineos Halts Grenadier Production Over Recaro Bankruptcy
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