Ineos forced to shut down production on supplier issue

Media starting to break that production of the IG is going to be paused until 2025 due to financial troubles at one of its suppliers.

The UK dealers were just told and mine told me today but I didn't post anything until I saw it starting to appear in the media. I cant see behind the paywall but I wonder if this is recaro?

 

[landmannnn]

Media starting to break that production of the IG is going to be paused until 2025 due to financial troubles at one of its suppliers.

The UK dealers were just told and mine told me today but I didn't post anything until I saw it starting to appear in the media. I cant see behind the paywall but I wonder if this is recaro?

Yes, seats.

 

[HereinDaRockies]

Recaro's bankruptcy?

 

[Jean Mercier]

Quite some press releases, but usually you need a subscription to read it completely.

And it was known since July that Recaro had financial difficulties!

On this French site, no subscription necessary:

Ineos bientôt contraint d'interrompre la production du Grenadier

L'usine Ineos de Hambach (57) devrait mettre à l'arrêt la production du Grenadier à cause d'un problème d'approvisionnement en sièges du fournisseur Recaro.

journalauto.com

But, interesting information there: they (Ineos) will start selling to China and Mexico!

[EDITED] And here another link in English:

MSN

 

[ADVAW8S]

I have to say this "You gotta be kidding me, like this is killing me."Time to find another seat supplier versus waiting to see if Recaro turns around. There are a lot of manufacturers that use Recaro and Ineos will be at the bottom of the list in terms of order supply. Get going now before someone swoops in and takes your spot in line at another manufacture.

 

[Stu_Barnes]

The rest of the article is paywalled. I'd expect a press release addressing this soon.

https://europe.autonews.com/automakers/land-rover-rival-ineos-halts-grenadier-output-parts-shortage

 

[HereinDaRockies]

I am hoping Ineos is not using this Recaro trouble as convenient excuse to pause production, pause operational bleed.

On the other hand, it’s entirely plausible that ineos doesn’t have the maturity to establish resiliency in their supply chain. One supplier’s hiccup shuts down the entire operation.

I wonder if the incentives will now be pulled back, due to supply constraint through the rest of 2024

 

[rovie]

View attachment 7870685

The rest of the article is paywalled. I'd expect a press release addressing this soon.

https://europe.autonews.com/automakers/land-rover-rival-ineos-halts-grenadier-output-parts-shortage

This is due to the fact that Recaro can no longer supply seats because of the insolvency. Now it has to be clarified internally how to proceed.

 

[rovie]

Media starting to break that production of the IG is going to be paused until 2025 due to financial troubles at one of its suppliers.

The UK dealers were just told and mine told me today but I didn't post anything until I saw it starting to appear in the media. I cant see behind the paywall but I wonder if this is recaro?

This is due to the fact that Recaro can no longer supply seats because of the insolvency. Now it has to be clarified internally how to proceed.

 

[Stu_Barnes]

“Although it is only a small interior part, the manufacturer is the only supplier, reports the trade journal Automotive News Europe and quotes Lynn Calder, CEO of Ineos Automotive. "It's a small part, but we can't sell the car without it." That is why production at the Ineos factory in Hambach in the French department of Moselle is suspended for an unforeseeable period of time.

The supplier, whose name the manager did not want to name, is in a pre-insolvency situation. Calder also did not want to give an estimate of how long the production break will last. Under certain circumstances, the problem could drag on into the new year. However, Ineos is looking for a second supplier for the component. she said.

Ineos now wants to inform its dealers and customers about the delivery problem, but is sticking to its expansion plans. The planned market launch in China and Mexico will not be postponed, the demand for the Ineos models will continue to be high. In just a few months, it will be 20,000. Vehicle delivered”

From here

Ineos stellt Produktion von Grenadier und Quartermaster vorübergehend…

Der britische Automobilhersteller Ineos muss die Produktion seines Geländewagens Grenadier und des Pick-ups Quartermaster auf unbestimmte Zeit einstellen.…

automobilrevue.ch

 

[DoubleDoom]

A lot of other manufacturers use Recaro as an upgrade option. So, others will likely pull the upgrade option to install OEM seats instead. Ineos doesn't have a fallback seat option.

 

[rovie]

If there is an alternative, it must be qualified quickly in order to obtain approval as quickly as possible.

 

[ADVAW8S]

Cobra seats, UK manufacture. Solved, come on Lynn

 

[ADVAW8S]

If there is an alternative, it must be qualified quickly in order to obtain approval as quickly as possible.

I say Cobra seats out of the UK.

 

[Trialmaster]

Not only INEOS will be affected: https://www.recaro-automotive.com/en/oem

 

[rovie]

Cobra seats, UK manufacture. Solved, come on Lynn
I do not know these. Therefore, I cannot make a judgement. I can imagine scheel-mann seats (formerly without a hyphen). Greiner, which manufactures these seats, is almost in the neighbourhood of the headquarters in Böblingen. Let's wait and see.

 

[rovie]

I say Cobra seats out of the UK.

I do not know these. Therefore, I cannot make a judgement. I can imagine scheel-mann seats (formerly without a hyphen). Greiner, which manufactures these seats, is almost in the neighbourhood of the headquarters in Böblingen. Let's wait and see.

 

[AWo]

Pausing the whole production because seats can't be delivered? Stopping all? Isn't that far more expensive than continuoing witout seats?

When I was at MAN Trucks around 2006 in Dachau/Germany they received no fuel tanks from the external supplier. So the trucks were pulled outside, parked and had to wait to get them fitted them later.

I don't believe that.

BTW, if Ineos doesn't pay their bills on time, a supplier can get in serious trouble, as they have to pre-finance the whole game. That can even kill
medium-sized companies.

AWo

 

[WanderingSniper]

I just got an email from Ineos telling me my 2025 will be significantly delayed. I hope this isn't a sign of worse things...

 

[ForceV4]

Look at it this way: added exclusivity and increased value due to rarity!