Gerhardi Kunststofftechnik GmbH, a German company that produced emblems for Mercedes-Benz, has declared bankruptcy.
The reason was the drop in demand for its products and the crisis in the European automobile industry, foreign media write, Telegraph reports.
The German company failed to meet the challenges facing the modern European automotive industry due to the decline in demand for electric vehicles.
The company, founded in 1796, survived two world wars but went bankrupt in 2024.
Gerhardi has declared bankruptcy after a prolonged decline in demand for its products and it is not known what will happen to its 1500 employees.
The company began its journey more than two centuries ago with the production of metal…
