Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Grundig AG Files for Bankruptcy
Apr 15, 2003
 Printable format
 Email this Article
 Search
The German home electronics company initiated bankruptcy proceedings on Monday after heavy losses in recent years. The company filed for court protection after talks with Taiwanese electronics maker Sampo and Turkish television manufacturer Beko failed. The head of the company said that only new investment could save it from being broken up and sold in pieces to pay off creditors. Filing for bankruptcy could rid Grundig of debts and pension obligations. The company says that the bankruptcy covers only Grundig’s administration, research and marketing divisions—profitable divisions such as car radio manufacturing and satellite equipment are excluded. Grundig has been in the electronics business since the 1950s. (Newsday.com)

Back to Daily News

 

Daily News

...........................................................

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

Apr 17, 2014: Briggs & Stratton Automatic Choking Technology Moves to Riding Mowers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows