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2 clusters · 11 sources · 17 days · First seen · Last updated

European automotive supplier insolvencies

Overview

Automotive suppliers in Europe have filed for insolvency due to industry-wide economic pressures and shifting technological demands.

In mid-September 2026, the Prinz-Mayweg Group, a specialist in precision steel tubes, initiated preliminary insolvency proceedings in Essen, Germany. The filing affects approximately 310 jobs across four locations in North Rhine-Westphalia. The insolvency administrator attributed the company’s financial distress to a general crisis in the automotive sector, rising energy and raw material costs, and a significant summer revenue decline.

Later in the month, the Lustenau-based Obrist-Gruppe filed for insolvency for three of its entities: Obrist Powertrain, Obrist Technologies, and Obrist DE, citing combined debts of approximately 31.8 million euros. The group noted that the European Union’s strategic transition toward purely electric vehicles negatively impacted the viability of their hybrid and methanol-based fuel technologies. While the subsidiaries face liquidation, the parent company, Obrist Engineering, remains operational.

Entities

Amtsgericht Essen · Obrist Engineering · Frank Obrist · Obrist Powertrain · Obrist-Gruppe

Timeline

  1. [BUSINESS] 4 sources
    Obrist-Gruppe companies file for insolvency with 31.8 million euro debt

    Three companies of the Obrist-Gruppe, including Obrist Powertrain and Obrist Technologies, have filed for insolvency with debts totaling approximately 31.8 million euros.

  2. [BUSINESS] 7 sources
    Prinz-Mayweg Group files for insolvency, risking 310 jobs

    Automotive supplier Prinz-Mayweg Group has filed for insolvency, affecting 310 jobs in Germany due to the automotive industry crisis and rising energy and raw material costs.

Sources

5min.at · ad-hoc-news.de · bezirksjournal.at · bild.de · ithome.com · kurier.at · meinegemeinde.vol.at · startitup.sk · t-online-business.de · tz.de · wochentlich.de