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