Recaro file for BANKRUPTCY...who's going to be next ?!

Shock in the automotive world this week as seat manufacturer Recaro file for bankruptcy and BBS wheels struggle.

In F1 Carlos Sainz signs for Williams and Perez looks like he's staying put at Red Bull.

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#PetrolPed #Automotive #Recaro

[andypalin]

I'd rather watch the paint dry on your dream garage walls Pete, than watch F1! 😂

[markrhoden]

Recaro 😮
I wonder if it's a symptom of modern cars in general. The days where we modified our cars has become less common than back in the 80s and 90s max power era.
So sad

[Tracertme]

Typically when private equity firms get involved in your business, it does not end well for you. They are never interested in your longevity just making money asap.

[Retrofordguy]

Having grown up in the backseat of an old capri with those lovely shark grey half leather recaros, they were so comfy and being a great classic style seat! Shame about bankruptcy

[michaelkember]

Such a shame about Recaro. Made seats for what seems like ever,
Hope everyone is well and enjoying the weather. Pete, hope you have an aircon unit in your new man cave!!

[coltoncleveringa]

It’s really sad that these brands a lot of us have enjoyed and love are struggling and closing. Sir Pete your videos are definitely great! Keep up the great work

[clareJCW]

My 2019 Ford Focus ST had Recaro seats, which I absolutely loved. Same for other Ford ST models. When they face lifted the ST range a couple of years ago, Ford changed to ‘Ford Performance’ seats. That’s a big loss for Recaro just from one manufacturer.

[jasonshaw]

What a shame about Recaro & hopefully for the employees, a buyer is around the corner. Take care Pete👍

[DavidHill-gd]

I fear for most things these days. Everything is fucked. Here in Australia we have lost and shutdown bloody well everything. 7 years ago you could get a full size sedan, rear wheel drive V8 Holden Commodore or Ford Falcon for 40K to 60K AUD, so lets say 25 to 35K pounds. Now a basic Golf is 42K AUD. We have been homogenising everything for the past 30-35 years and everyone, everywhere is loosing/has lost their 'identity'. Thanks for the videos. Cheers from Australia.

[georgedaville]

Hi Pete, I fear that with all the safety legislation, and car makers having to install lots of electronic wizardry we are entering an era were all cars are very similar, with no sc
ope for individual design flair, leaving people like Recaro abandoned!
The sea of the disposable car, too expensive to repair !

[cynvs]

Far from the only company going bankrupt right now in germany.
Germany as a whole is rapidly declining right now.

[UpsideDownFork]

Recaro has been on a downward spiral since 2011 when they sold off the automotive seat rights. The american owned company cut costs and thus quality.
They were really cooking on gas in the 80's and 90's under Keiper. Back then, most of their turnover and profit was from their OE supply to companies like Porsche and Mercedes. The aftermarket sports seats was a very small piece of the business.
Take the outer cover off a bog standard seat from a W124 Mercedes and you will find the Recaro logo inside.
Unfortunately most OE manufacturers have been reducing their outsourced items to lower overheads. Recaro only needed to lose one OE car manufacturer as a customer and they became doomed.

[automotivania]

That’s a shock - recaro have always been THE seat for sporty or modified cars. Miss the ones in my dad’s old GTi massively. Staple if the car scene gone there, shame.

[laurencemoore]

Sad about Recaro. I think they were part of Porsche for a while.

I wonder if these established companies are falling by the wayside due to cheaper overseas parts or the fact that modern cars are less customisable due to the tech.

[denisspratt]

I think one of the problems is that people don´t modify their cars as much these days like they used to.
Cause you have so many options when you buy it as new compared to what you had 15-20 years ago.
So that might be the reason that some nufacturers that are mostly known for aftermarket parts struggle.

[anangelshero]

Prices are so high I cannot see how people afford BBS and/or Recaro.

It's no surprise they're going bankrupt.

[cliftonmcintosh]

Nice update thanks pp my 2018 Ford Focus ST came down with Recaro nice 👏🏿👏🏿👏🏿

[apislapis]

It could well be more than one legacy car manufacturer that goes under according to car news reports.

[richardhargrave]

Loved it when the Grand Prix was either at Silverstone and/or Brands Hatch, loved Paddock Hill Bend.
I'll never forget Keke Rosberg flying through there sideways in the Williams-Honda FW11 at the Grand Prix of Europe in 1985, the speed trap on the approach was over 170 MPH, amazing. It was Our Nige's first Grand Prix win.
Surprised that Recaro and BBS are in big trouble, its just the car seat division, not aero and stadium seats.
I'm not sure all car manufacturers are going to survive, there were too many before the Chinese turned up, my money is on Ford pulling out of Europe

[Craig]

Apparently BBS are going through the same