Published by Global Banking & Finance Review®
Posted on September 23, 2025
1 min readLast updated: January 21, 2026
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Kiekert, a German auto supplier, files for insolvency amid industry challenges. Joachim Exner is appointed as interim administrator.
BERLIN (Reuters) -German automotive supplier Kiekert has applied for insolvency, according to a court document seen by Reuters on Tuesday.
Two core businesses - Kiekert AG and Kiekert Holding GmbH - have initiated insolvency proceedings and Joachim Exner has been appointed as administrator on an interim basis, the document showed.
Kiekert, which specialises in locking systems, has 4,500 employees in 11 locations, according to its website.
The company did not immediately respond to a request for comment from Reuters.
Germany's automotive industry is grappling with falling demand, high energy costs and the costly transition to electric vehicles, prompting carmakers and their suppliers to shed jobs.
On the supplier side, Continental and Schaeffler are among the companies cutting jobs.
(Reporting Alexander Huebner, Writing by Friederike Heine, editing by Rachel More)
German automotive supplier Kiekert has applied for insolvency, according to a court document.
Joachim Exner has been appointed as the interim administrator for Kiekert.
Kiekert has approximately 4,500 employees across 11 locations.
The industry is grappling with falling demand, high energy costs, and the costly transition to electric vehicles.
Companies like Continental and Schaeffler are also among those cutting jobs in the supplier side of the industry.
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