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German Auto Parts Manufacturer Files for Bankruptcy After 130 Years in Operation
13 hour ago /
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Author：小编
The 130-year-old German family-run auto parts manufacturer Prinz&Co. Stahlrohre has declared bankruptcy, leaving hundreds of employees facing unemployment. Founded in 1896, the company specializes in high-precision steel tubes and supplies components for automotive seats, airbags, and hydraulic systems worldwide. The reasons for bankruptcy include the downturn in the European automotive industry, significant increases in raw material and energy prices, and a sharp decline in sales during the summer.
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