Overview
- The Bretzfeld-based converter became unable to pay its bills after years of production bottlenecks, according to reports citing the insolvency team.
- Customers faced waits of up to four years for finished vehicles, leading many to cancel orders and reclaim deposits.
- A provisional administrator has secured pay for roughly 30 employees through insolvency money and halted ongoing enforcements.
- Each existing order is being assessed individually for feasibility despite what the administrator describes as a strong order backlog.
- Founded in 1972, HRZ specializes in bespoke Mercedes Sprinter conversions, and the administrator sees chances for a restart without legacy debts.