Insolvency proceedings affect RECARO Automotive GmbH (Germany) exclusively and not any of the other automotive or commercial vehicle units, the RECARO Group holds no stake in RECARO Automotive; it is purely a licensing relationship. This has no impact on the RECARO Group and its business units RECARO Aircraft Seating, RECARO Gaming and RECARO Rail. RECARO Automotive Germany is working together as a team with employees, suppliers, and customers and we expect to stand on solid ground again. We appreciate your concerns and support during this process. Press Release: Link in Bio