PRODUCTION IS BACK ON FOR INEOS AUTOMOTIVE

PRODUCTION IS BACK ON FOR INEOS AUTOMOTIVE

 

• Grenadiers and Quartermasters will restart production from early January 2025 after critical supply shortage resolved.
• “It’s great news that a solution has been found so quickly,” said Lynn Calder, CEO of INEOS Automotive. “Automotive supply chains are extremely complex but we were not willing to compromise on quality, so we are satisfied that we have found the best possible outcome.”
• Sales now live in 50 countries globally, having added major new markets including Mexico and China.

London, 20 November 2024: Having been forced to halt in September 2024 due to a critical component shortage, production of the INEOS Grenadier and Quartermaster will restart in early January 2025.



All partners have been informed and are ready to support resumption of operations at INEOS Automotive’s plant in Hambach.



“It’s great news that a solution has been found so quickly,” said Lynn Calder, CEO of INEOS Automotive. “Automotive supply chains are extremely complex but we were not willing to compromise on quality, so we are satisfied that we have found the best possible outcome.



“By this summer we had sold as many Grenadiers as we had for the whole of 2023, and are on track to have over 20,000 Grenadiers on the road before the end of this year. We now turn our attention to preparing Hambach to restart in early January and with significant growth in major new markets – including China and Mexico – and substantial expansion in the US, I believe 2025 is going to be our best year yet.”



“I'd like to give a huge thanks to our customers for their patience. We are happy to get back on track and look forward to handing them the keys to their Grenadiers asap.”

 

[Max]

So what is really happening will be revealed in January, hopefully.

RECARO Automotive is not out of business as published​

RECARO Automotive
https://www.recaro-automotive.com › press-releases › 2...




9 Oct 2024 — RECARO Automotive is still in business. Recently announced insolvency proceedings affect RECARO Automotive GmbH (Germany) exclusively and not ...
https://www.recaro.com/licensee.html

 

[ADVAW8S]

Here you go ppl. The announcement.

Recaro Automotive saved from bankruptcy by Proma Group

Recaro Automotive looks set to exit bankruptcy protection thanks to a new investor.

www.motorauthority.com

 

[Max]

RECARO Automotive GmbH (Germany)

9 Oct 2024 — RECARO Automotive is still in business. Recently announced insolvency proceedings affect RECARO Automotive GmbH (Germany) exclusively and not ...
https://www.recaro.com/licensee.html

Good to see...back in business

 

[CrazyOldMan]

Here you go ppl. The announcement.

Recaro Automotive saved from bankruptcy by Proma Group

Recaro Automotive looks set to exit bankruptcy protection thanks to a new investor.

www.motorauthority.com

Huh. That’s an interesting announcement. It sounds, to me, like they own the IP and the brand, as well as any assets - but very questionable if they continue production in Germany beyond the “transition period.” Reading that announcement, if I were one of the employees in Germany, I might want to start exploring options. It sounds like SG&A will be wiped out - not sure about production. Maybe that’s too negative an interpretation?

 

[LC0013]

From the Proma Group Website:

Company News​

PROMA GROUP TAKES OVER RECARO AUTOMOTIVE GERMANY​

• December 5th, 2024

KIRCHHEIM, GERMANY, DECEMBER 4th, 2024 Proma Group has signed an investment agreement with RECARO Automotive GmbH in Germany to take over business and have begun the transition period. This investment will allow for operations to continue and relaunch across Europe in January 2025. Proma Group will retain several employees from the original Sales and Technology departments at RECARO Automotive Germany which will be based in the Stuttgart region. This will ensure a more seamless transition of support to meet customer needs. In January, aftermarket seats will be available on the market and OEM production will be transferred to Italy with the first seats entering production. “Our investment in RECARO Automotive will strengthen our ability to deliver a premium seating product, while embracing the most cutting-edge innovations in the automotive sector,” says Luca Pino, CEO Proma Group. “The RECARO name is renowned throughout the world as a benchmark of German industrial technology, and Proma Group, a symbol of Italian manufacturing excellence, is excited about the future and the quality that will be expressed in the automotive market thanks to the union of two first-class companies”. RECARO Automotive’s operations in North America and Japan are continuing to function as usual, providing the same high standard of products and service that RECARO Automotive customers in these regions have come to rely on.

 

[CrazyOldMan]

From the Proma Group Website:

Company News​

PROMA GROUP TAKES OVER RECARO AUTOMOTIVE GERMANY​

• December 5th, 2024

KIRCHHEIM, GERMANY, DECEMBER 4th, 2024 Proma Group has signed an investment agreement with RECARO Automotive GmbH in Germany to take over business and have begun the transition period. This investment will allow for operations to continue and relaunch across Europe in January 2025. Proma Group will retain several employees from the original Sales and Technology departments at RECARO Automotive Germany which will be based in the Stuttgart region. This will ensure a more seamless transition of support to meet customer needs. In January, aftermarket seats will be available on the market and OEM production will be transferred to Italy with the first seats entering production. “Our investment in RECARO Automotive will strengthen our ability to deliver a premium seating product, while embracing the most cutting-edge innovations in the automotive sector,” says Luca Pino, CEO Proma Group. “The RECARO name is renowned throughout the world as a benchmark of German industrial technology, and Proma Group, a symbol of Italian manufacturing excellence, is excited about the future and the quality that will be expressed in the automotive market thanks to the union of two first-class companies”. RECARO Automotive’s operations in North America and Japan are continuing to function as usual, providing the same high standard of products and service that RECARO Automotive customers in these regions have come to rely on.

So if our seats and axles are Italian - do we now need Italy on the side badge, as well as the UK and Germany?

 

[LC0013]

So if our seats and axles are Italian - do we now need Italy on the side badge, as well as the UK and Germany?

Works for me as long as it does not wind up being a rainbow.

 

[Manzino]

So if our seats and axles are Italian - do we now need Italy on the side badge, as well as the UK and Germany?

I've got my Italy badge already.

 

[Max]

So if our seats and axles are Italian - do we now need Italy on the side badge, as well as the UK and Germany?

You forgot what is stopping us... Brembo

 

[CrazyOldMan]

You forgot what is stopping us... Brembo

 

[Clark Kent]

You forgot what is stopping us... Brembo

Better add Poland @Max or you won't have pads and calipers
There is a long list of suppliers. This list is from a supplier bulletin dated 2021. No doubt the supplier base has evolved.

 

[DaveB]

There's a insurance population of about 1000 on Maria Island , a few km off the coast of Tas. No predators there and no humans live thete.
And they've found some devils are naturally resistant. The sky is not yet falling.

I have always been amused by the famous Tassie Devil that 99% of the audience new was a based on a real creature

View: https://www.youtube.com/watch?v=iyvPjn2m240

 

[DaveB]

Wait - what other kind of pathologists do you have down there? Why hasn’t this been a major headline? “News flash: Wallace the Wombat completes pathology residency”

I think I found your research paper. “I dunno - looks super gross. I bet it’s totally malignant. Here’s a picture of me drinking a gin and tonic on my back deck. The weather is awesome, in case you were wondering.”

Well... it's not like being a real doctor.
More like a Chiropractor really.

View: https://www.youtube.com/watch?v=kJuAWIyON2M

 

[Zimm]

Works for me as long as it does not wind up being a rainbow.

What’s the matter with a rainbow? I don’t get the joke.

 

[Max]

Better add Poland @Max or you won't have pads and calipers
There is a long list of suppliers. This list is from a supplier bulletin dated 2021. No doubt the supplier base has evolved.

Here's the new stack of flags.
Brembo Poland, Eaton Lockers Korea, Eibach UK and the list goes on...
We're driving an interntional Grenadier Allsort

 

[OzyGrenie]

That we be super cool as it would match our jackets.

Just would like Belstaff seat covers, now we're talking!

 

[Logsplitter]

Just would like Belstaff seat covers, now we're talking!

There’s a thought. Belstaff are missing a trick. As long as they are not waxed as it could play havoc with your Sunday best clothes

 

[subhunterG9]

Since you brought it up. Hey, John! 9 months and counting, still waiting for my jacket!

At least I got my stupid fuel level check engine light fixed by the firmware update yesterday. Thankfully that freaking annoying ass ADAS incessant chirp is still there else I might forget I’m driving around in my badass Grenadier.

So I was told that a software solution was coming to eliminate the Overspeed and ADAS Chirping.