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  #1  
Old 07-31-2024, 09:53 AM
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Default Recaro files for Bankruptcy
https://www.motortrend.com/news/reca...m_campaign=HRN

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  #2  
Old 08-03-2024, 11:19 AM
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Sad but not surprising, I am sure the "Investment" group walked away with a nice profit.

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  #3  
Old 08-03-2024, 12:20 PM
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Company folded because the seats wouldn’t.

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  #4  
Old 08-03-2024, 02:35 PM
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Quote:
Originally Posted by camerjeff View Post
Sad but not surprising, I am sure the "Investment" group walked away with a nice profit.
Yep, so many good companies wrecked by investment firms that are there simply to suck the life out of it and move on. Bonus points for them if they get the employees pension fund. Predatory capitalism at its finest. This happened to my father-in-law’s company so seen it first hand.

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  #5  
Old 08-03-2024, 04:18 PM
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Reputable, totally viable companies ruined by penny-shilling, morally bankrupt investment firms? Geez, never happens...

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