Suche
Mein Konto
SCANDAL! Huber Automotive AG: Bankruptcy threatens after filing for bankruptcy!
Huber Automotive AG from Mühlhausen im Tälen files for bankruptcy. Reason: insolvency. Court decides on restructuring.
SCANDAL! Huber Automotive AG: Bankruptcy threatens after filing for bankruptcy!
The economic world is in shock! The traditional Huber Automotive AG, a giant in automotive electronics, has draconianly filed for bankruptcy! This is not just sad news, but a massive earthquake shaking the automotive industry! The application was submitted directly to the district court in Göppingen and leaves only questions and speculation! [suedwest24] reports that the cause of this catastrophic situation is the company's insolvency, which is putting over 120 years of history and proud tradition at risk!
But the shocking revelations don't stop there! Business operations should continue for the time being, which for some is the only hope of salvation! The decision on the appointment of a provisional insolvency administrator is still pending. What will happen? Another bizarre chapter in the drama surrounding Huber Automotive!
The shocking financial situation
In 2024, the company desperately tried to stabilize its financial situation with a corporate bond of an incredible 20.5 million euros, which could be extended until April 2027. In an unprecedented act, creditors have waived around half of their repayment claims and pro rata interest in 2025. A fact that is hard to believe and only demonstrates the desperation of the situation! The deadlines for interest due have been postponed and termination rights withdrawn, as if an attempt was made to avert the catastrophe with the help of effective magic formulas!
Intensive discussions took place until May 2025 to reduce the burden on the balance sheet. The desperate attempt to secure ongoing activities and examine possible restructuring options casts a dark cloud over the future of Huber Automotive. A shadow that now covers the entire automotive electronics industry as the court's decisions will decide the fate and future of the company!
The creditors' plans
To make matters worse, Huber Automotive AG has even called on bondholders to vote - an indication that the situation is really serious! With an outstanding bond of 20,420,000 euros and a vote without a meeting that reached a shocking quorum of only 41.31% of the yes votes, the uncertainty is palpable! The overwhelming majority of participants voted 82.94% in favor of the original proposed resolution. But the required quorum of 50% was not even close to being achieved! This is a bitter defeat for Huber Automotive and shows that unity is required even in times of need.
The company has now planned the second bondholders' meeting in person, and all eyes are on the next steps! The invitation will be published in the Federal Gazette in a timely manner, but the question remains: Will the company survive this catastrophe? [huber-automotive] will do everything in its power to build a new foundation from the rubble, but the road looks rocky!
The future of Huber Automotive is in the balance and the entire industry is holding its breath! What will the next decisions bring? A spectacular turnaround or the final end for this colossal player in automotive electronics? One thing is certain: we will be looking forward to the developments in the coming days!