Gerhardi Kunststofftechnik GmbH, based in Germany and known for manufacturing emblems for Mercedes-Benz, has filed for bankruptcy, autojosh.com reported. This decision stemmed from a reduced demand for their products amid a broader crisis affecting the European automotive sector. Reports indicate that Gerhardi Kunststofftechnik GmbH struggled to navigate the obstacles presented by today’s European automotive landscape, particularly due to the falling demand for electric vehicles. Founded in 1796, the company weathered two world wars but ultimately went bankrupt in 2024.

As KTM AG and its parent company Pierer Mobility entered insolvency court for their debt of around 3 billion Euros on Friday, rumors of their withdrawal from MotoGP ran rampant after it was announced via an Alpine Creditors Association (AKV) report that the withdrawal was one of the six points of reorganization measures self-administered by the debtors, Road & Track reported. KTM responded promptly with a press release stating their continued dedication to racing in 2025.

The Board of PMD Device Solutions AB (publ) has filed for bankruptcy following extensive reviews of the company's financial position, Accesswire reported. The bankruptcy filing was submitted to the Stockholm District Court on Dec. 22 in parallel with the bankruptcy filing of its Irish subsidiary, PMD Device Solutions Limited. The board's decision follows a detailed assessment of the financial circumstances affecting both the parent company and its Irish subsidiary. The Irish subsidiary has been prevented from resolving its intended short-term liquidity requirement.

Albania’s Democratic Party has denounced that manufacturing and exporting businesses in Albania are heading towards bankruptcy due to the devaluation of the euro currency, Vox News reported. The common European currency has suffered a noticeable depreciation in Albania for several years, but during 2024 the euro reached its minimum. The euro is currently trading in our foreign exchange market at 98.3 ALL, a drastic drop compared to not long ago.

The Casbit Group, previously the operator of Lalabet and JungliWin online casinos, has been declared bankrupt by the Court of Curaçao, World Casino News reported. The company’s financial troubles stem from numerous unpaid debts, including €619,500 owed to Dutch gamblers who were unable to claim their winnings. After ceasing operations in Curaçao earlier this year, the group’s casinos are now under the management of a Costa Rican company.

German start-up Lilium, known for its innovative flying taxi technology, has successfully avoided bankruptcy by securing a new investor, The Munich Eye reported. The Mobile Uplift Corporation GmbH, a consortium of investors from Europe and North America, has agreed to take over the flight taxi developer. A purchase agreement has been signed for the operational assets of Lilium GmbH and its subsidiary, Lilium eAircraft GmbH.

Another well-known Dutch cycling manufacturer has filed for bankruptcy, the NL Times reported. Cargoroo, who sold electric shared cargo bikes, declared bankruptcy at the court in Amsterdam on Tuesday. It was reported last week that the e-bike brand Amslod was the last company to file for bankruptcy. The court in Amsterdam will declare Cargoroo bankrupt this week, Utrecht alderman Senna Maatoug (Mobility) expects. Bikes made by Cargoroo have been taken off the streets in Utrecht and cannot be booked anymore, she wrote in a letter to the municipal council.