Proma Group invests to rescue Recaro Automotive from bankruptcy

Proma Group signed an investment agreement to take over Recaro Automotive, rescuing the seat maker from bankruptcy. Recaro will relaunch in Europe in January 2025, with OEM production moving to Italy.

“Our investment in Recaro Automotive will strengthen our ability to deliver a premium seating product.”caranddriver.com

• 1 source
• caranddriver.comRecaro Rescued from Bankruptcy by Italian Parts SupplierEric StaffordDec 5, 2024

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