Friday, October 17, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

German car supplier Ruester GmbH files for insolvency in self-administration By Reuters

by Reuters
November 24, 2022
in Markets
Reading Time: 1 min read
A A
0
Home Markets
Share on FacebookShare on Twitter


© Reuters.

FRANKFURT (Reuters) – German car supplier Ruester GmbH said it has filed for restructuring in self-administration, a special form of insolvency proceedings that give the owners bigger say, citing liquidity problems partly caused by higher energy costs.

As part of the proceedings, Ruester, which makes annual sales of around 120 million euros ($125 million) and made two acquisitions in 2022, will look for a buyer as a way to keep the company afloat, it said.

“Due to insufficient financing in the course of the takeover, in combination with process delays in the transfer and integration of the acquired plants, as well as dramatic cost increases, especially for energy, the company is currently facing liquidity problems,” Ruester said in a statement.

Some 722 German entities became insolvent in October, a 15% jump over the previous year, according to the IWH economic institute, with soaring energy costs in the wake of Russian gas supply cuts being one of the drivers.

($1 = 0.9597 euros)



Source link

Tags: carfilesGermanGmbHinsolvencyReutersRuesterselfadministrationsupplier
Previous Post

How masks became a habit in Mexico City : NPR

Next Post

Why American unemployment needs to rise

Related Posts

What to look for when American Airlines (AAL) reports Q3 2025 earnings results

What to look for when American Airlines (AAL) reports Q3 2025 earnings results

by Staff Correspondent
October 17, 2025
0

Shares of American Airways Group Inc. (NASDAQ: AAL) fell 5% on Thursday. The inventory has dropped 32% year-to-date. The airline...

Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move

Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move

by Jeff Cox
October 16, 2025
0

Federal Reserve Governor Stephen Miran speaks with CNBC in the course of the Make investments i America Discussion board on...

United Airlines (UAL) reports lower Q3 earnings, despite revenue growth

United Airlines (UAL) reports lower Q3 earnings, despite revenue growth

by Staff Correspondent
October 16, 2025
0

United Airways Holdings, Inc. (NYSE: UAL) reported blended outcomes for the third quarter of fiscal 2025 — revenues elevated YoY,...

Nuclear stocks mixed after Army launches program to deploy small reactors

Nuclear stocks mixed after Army launches program to deploy small reactors

by Spencer Kimball
October 16, 2025
0

Nuclear shares traded blended Wednesday after the U.S. Military launched a program to deploy small reactors.Shares of NuScale, a small...

STAAR Surgical holders should vote against sale to Alcon, ISS says (update) (STAA:NASDAQ)

STAAR Surgical holders should vote against sale to Alcon, ISS says (update) (STAA:NASDAQ)

by Joshua Fineman
October 15, 2025
0

designer491/iStock by way of Getty PhotosReplace 3:20pm: Provides additional particulars from ISS advice.STAAR Surgical (NASDAQ:STAA) holders ought to vote in...

The Perpetual Punk Machine – Banyan Hill Publishing

The Perpetual Punk Machine – Banyan Hill Publishing

by Ian King
October 16, 2025
0

Editor’s Notice: A once-in-a-generation occasion is going down on October twenty first that would unleash an unstoppable $20 trillion wave of wealth for on...

Next Post
Why American unemployment needs to rise

Why American unemployment needs to rise

Why Europe is scared of quantitative tightening

Why Europe is scared of quantitative tightening

‘It May Not Be Perfect Timing’ — Trump on Sanctions Against Russia

‘It May Not Be Perfect Timing’ — Trump on Sanctions Against Russia

October 17, 2025
Schools To Remain Closed Across India On These Dates; Check State-Wise Calendar

Schools To Remain Closed Across India On These Dates; Check State-Wise Calendar

October 17, 2025
How to use ChatGPT: A beginner’s guide to the most popular AI chatbot

How to use ChatGPT: A beginner’s guide to the most popular AI chatbot

October 17, 2025
Key takeaways from new Putin-Trump phone call — RT World News

Key takeaways from new Putin-Trump phone call — RT World News

October 17, 2025
The stigma over breast cancer must be challenged

The stigma over breast cancer must be challenged

October 17, 2025
KeyCorp: Strong Results Defy Private Credit Fears (NYSE:KEY)

KeyCorp: Strong Results Defy Private Credit Fears (NYSE:KEY)

October 16, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

‘It May Not Be Perfect Timing’ — Trump on Sanctions Against Russia

Schools To Remain Closed Across India On These Dates; Check State-Wise Calendar

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In