German auto parts supplier Webasto is kicking off negotiations for an overhaul under the aegis of a chief restructuring officer in response to the “ongoing crisis” in the automotive industry.

German auto parts supplier Webasto SE is facing a potential restructuring of more than €1 billion in debt as a slowdown in the car industry deepens.

The rejection of the UAW at the Haggerty Road plant followed a successful union campaign at a different metro Detroit Webasto plant last year.

Webasto has multiple plants in metro Detroit and announced 218 layoffs late last year at its New Hudson facility and “Detroit plant” located in Plymouth Township.

German automotive supplier Webasto is planning massive job cuts, with chief executive Holger Engelmann saying on Thursday that the company's 2023 annual result was "disappointing and is forcing us ...

Automotive roof systems supplier Webasto Americas plans to cut 134 workers in Lyon Township's New Hudson area due to declining vehicle production, marking the latest mass layoff by the company ...