Ineos Automotive is set to restart production of its Grenadier and Quartermaster SUVs by January 2025 after facing a halt caused by the bankruptcy of its supplier, Recaro, in Germany.
Production came to a standstill in October when Recaro’s bankruptcy disrupted operations, directly affecting 200 employees at the factory. However, Ineos Automotive’s director, Lynn Calder, has announced that a solution has been found to get things back on track.
“The good news is that we found a solution quickly. We’re very satisfied to have secured the best possible outcome,” Calder said in a press release.
According to the statement, all parties involved have been informed and are prepared to support the production restart.
Despite the challenges, Ineos Automotive has seen strong sales this year.
“This summer, we sold as many Grenadiers as we did in all of 2023,” Calder noted. “We’re on track to have over 20,000 cars on the road by the end of this year.”
Looking ahead, Calder said preparations are underway to restart operations at the Hambach factory in early January 2025. The company is also planning significant growth in key markets, including China, Mexico, and the U.S.
“I believe 2025 will be our best year yet,” Calder added.
It remains unclear who will take over the supply tasks previously handled by Recaro, though the company may still be involved. Recaro’s bankruptcy only affects its German automotive division, which has been a long-standing supplier of car parts since 1906.
The disruption at Ineos comes amid broader challenges in the automotive industry.
Volkswagen recently announced plans for factory closures and hinted at potential mass layoffs in Germany, signaling a tough road ahead for many carmakers.
