Recaro Automotive, which earlier this year filed for bankruptcy, has been rescued by Proma Group, an Italian automotive parts supplier. Proma Group has agreed to take control of the world's oldest ...

After filing for bankruptcy in July, the German company has found a lifeline in Proma Group, an Italian parts supplier specializing in automotive components. The deal secures Recaro’s operations ...

As first reported by Piston Heads on Dec. 4, an Italian automotive supplier named Proma Group has signed an investment agreement with Recaro Automotive to take over the company and restart ...

RECARO's future is no longer in jeopardy as Italian supplier group, Proma, officially announced its acquisition and investment in the company, essentially digging the ailing firm out of bankruptcy.

Italian automotive component manufacturer Proma Group has signed an investment agreement to take over the ownership of the German automotive seat manufacturer Recaro Automotive. The German company ...