FRANKFURT (Reuters) – German car dealer Ruester GmbH said it will offer self-driving, a unique autonomous system that gives owners greater flexibility, citing financial problems caused by rising energy costs.
As part of the process, Ruester, which has annual sales of about 120 million euros ($125 million) and is due to be bought twice in 2022, will look for a buyer as a way to improve the company, it said.
“Due to the lack of funding at the time of the acquisition, combined with the delay in the transfer and integration of the acquired plants, as well as the high cost, especially of energy, the company is facing financial problems,” said Ruester. words.
722 German companies went insolvent in October, a 15% jump from last year, according to the IWH financial agency, with rising energy costs due to a shortage of Russian gas being one of the drivers.
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