German automotive supplier Allgaier files for insolvency – Reuters.com

MUNICH, June 21 (Reuters) – German automotive supplier Allgaier, whose customers include Porsche (P911_p.DE), has filed for insolvency, a court said on Wednesday, a year after being sold to a Chinese investor. The Goeppingen district court said it had appointed Pluta law firm’s Fritz Zanker as provisional insolvency administrator. Allgaier, which has about 1,700 employees,…