Business · Updated 16 Oct, 02:56 am IST
Obrist engineering group files bankruptcy with about €31.8m debt
Why it matters for readers: Explains why a company known for unusual Tesla modifications and a ‘HyperHybrid’ concept is closing down.
- Obrist Powertrain GmbH and Obrist Technologies GmbH filed for bankruptcy at the Feldkirch Regional Court in late September.1
- The three insolvent entities owe roughly €31.8 million in total, with Obrist Powertrain responsible for about €18.85 million to 34 creditors.1
- Obrist Powertrain, the unit behind the HyperHybrid range extender, had shrunk to nine employees and said restructuring was not possible.1
- Obrist Technologies, which held patents for methanol production and CO2 capture, reported about €6.08 million in liabilities and no remaining staff.1
- A third group company, Obrist DE in Germany, is also insolvent with about €6.8 million in liabilities; the parent Obrist Engineering was not part of the filings.1
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