Where's the confidence level in the company?

[Zimm]

Recaro is in the Euro chapter 11 from what I understand. It’ll be making seats again. Why would Ineos buy a company that just tanked and is in receivership. I don’t see how it solves the issue any quicker and they would take on debt, and have a whole different company to try to resurrect. Jim may have gone down the path of enthusiast dreamer, but I don’t think he’s outright stupid and looking to flush another 200m down the pooper.

I would think they looked at all options BEFORE stopping production.

 

[Dual Grenny Guy]

Recaro is in the Euro chapter 11 from what I understand. It’ll be making seats again. Why would Ineos buy a company that just tanked and is in receivership. I don’t see how it solves the issue any quicker and they would take on debt, and have a whole different company to try to resurrect. Jim may have gone down the path of enthusiast dreamer, but I don’t think he’s outright stupid and looking to flush another 200m down the pooper.

I would think they looked at all options BEFORE stopping production.

Because seats are a safety issue/concern and they have to go thru all kinds of tests and governmental approval to use in a vehicle. Plus when you are selling a vehicle in different counties that’s different rules and laws you have to pass and get approval for. That process is VERY expensive and time consuming. You already have the seats approved and working, so buying the company to keep things as is would take on a debt but also solve issues. I am not saying this is the best thing to do, just throwing out options. Again, this is all just conjecture by us all as Ineos still has yet to actually say what the part is.

 

[bikesandguitars]

I would think before introducing Arcane Works, Ineos would get all the Grenadier issues addressed before Grenadier goes luxury. I hope Ineos is not Tone Deaf.

View: https://www.youtube.com/watch?v=4JWtiMitSD4

What issues are they not addressing?

 

[Bluesurf]

What issues are they not addressing?

Read through all the Forum discussions and you will be shocked at all the problems. There are dozens, the water penetration is horrible. The water leaks are worst, through the ceiling via safari glass and top of the door sills, the rubber strips of which many have no glue or gaps with no glue. Go through this forum and you will find many examples. Also so many ADAS annoyances.

View: https://www.youtube.com/shorts/R2HUqZJ6Wbw

View: https://www.youtube.com/shorts/8giNTMmOATU

 

[LC0013]

Read through all the Forum discussions and you will be shocked at all the problems. There are dozens, the water penetration is horrible. The water leaks are worst, through the ceiling via safari glass and top of the door sills, the rubber strips of which many have no glue or gaps with no glue. Go through this forum and you will find many examples. Also so many ADAS annoyances.

View: https://www.youtube.com/shorts/R2HUqZJ6Wbw

View: https://www.youtube.com/shorts/8giNTMmOATU

Those issues have been addresses. So, old news at best.