{
German automotive industry

Companies

}

swiss steel refutes insolvency claims amid ongoing financial struggles

Swiss Steel has firmly denied insolvency rumors, asserting it is in regular contact with lenders despite reports of financial distress. The company, which recently raised capital, is facing significant losses and low demand, particularly from the struggling German automotive sector. The outlook for the remainder of the year remains volatile, with expectations of continued challenges in the market.
SWI swissinfo.ch
Euro Swiss Steel Group AG German automotive industry CHE DEU Martin Haefner Elon Musk
Finance & Economy, News Article
10:46 25.10.2024
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