The supplier of Mercedes-Benz branded “stars” has declared bankruptcy. The German company Gerhardi Kunststofftechnik GmbH failed to cope with the challenges faced by the modern European automotive industry due to the fall in demand for electric vehicles. The company, founded in 1796, survived two world wars but went bankrupt in 2024. This was reported by Bloomberg, according to UNN.
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Gerhardi has declared bankruptcy after a prolonged drop in demand for its products. What will happen to its 1,500 employees is currently unknown. The company began its journey more than two centuries ago with the production of metal products, and then entered the automotive industry and supplied star emblems for Mercedes-Benz sedans.
Germany’s…
