Former Trabant builder to make profit soon

Zwickau, Germany. The supplier Sachsenring expects to make a pre-tax profit this year despite the problems of it main customer, the Volkswagen group.

Sachsenring, the former east German maker of the Trabant car, has been struggling to survive since filing for bankruptcy two years ago.

Insolvency administrator Bruno Kuebler predicted the company will make a profit before tax and interest this year, but Kuebler reduced his sales forecast for 2004 to 125 million euros from 140 million euros because of slow VW sales.

Sachsenring, which produces chassis components and body assemblies, plans to reduce its dependence on the VW group, which accounts for 70 per cent of its business.

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences
  • You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.