Famed Seat Supplier Recaro Goes Bankrupt 📉

[Hypedrive] August 02, 2024 Weekly Digest 📉 Automotive Seat Supplier Recaro Surprisingly Files for Bankruptcy TLDR: Recaro Automotive filed for bankruptcy, leaving its employees' future uncertain while its other divisions continue operations.⁠Why It Matters: Automotive seat supplier Recaro has filed for bankruptcy, surprising its 215 employees who have been deferring wages to help stabilize the company. The IG Metall trade union has stated that the future of these employees and the company remains uncertain, with no current information on whether Recaro will be sold or dissolved. This bankruptcy affects only Recaro Automotive, which produces OEM and aftermarket car seats, while its divisions for aircraft, office chairs, and gaming seats will continue operating normally. An official transparency statement is anticipated soon. Read the full article [here](. --------------------------------------------------------------- 😍 Pagani Unveils the Utopia Roadster: a Lightweight V12 Masterpiece TLDR: Pagani's new Utopia Roadster, a lightweight V12 hypercar without hybrid support, debuts at Monterey Car Week, emphasizing mechanical purity and customization. Why It Matters: Pagani has unveiled the Utopia Roadster, a lightweight hypercar with a Pagani V12 engine and no hybrid support, emphasizing mechanical purity. Debuting at Monterey Car Week, the Roadster maintains the performance and agility of its Coupé counterpart, weighing just 1,280 kg (about 2,800 lbs) and featuring an advanced Pirelli Cyber Tyre system for enhanced safety. Each Utopia Roadster can be uniquely customized, with the debut model showcased in Habanero Red and featuring the optional Sport Pack. Only 130 examples will be produced, with prices starting at $3,355,000 USD. Read the full article [here](. --------------------------------------------------------------- 🤑 Ultra-Rare 2011 RUF Rt12 S Surfaces for Sale TLDR: A rare 2011 RUF Rt12 S, with only 513 miles and estimated at $950,000 to $1,200,000 USD, is for sale, showcasing RUF’s engineering excellence and exclusivity. Why It Matters: A rare 2011 RUF Rt12 S, one of only 13 made and with just 513 miles, is now for sale through Chicago Motorcars. Featuring a 685 hp twin-turbocharged 3.8L engine and all-wheel drive, this car combines breathtaking performance with a stunning Basaltblack Metallic exterior and Dark Grey Alcantara interior. It includes a road safety kit, owner’s books, a RUF Zertifikat, and a vehicle information sheet. Initially registered in Germany and recently estimated to be worth between $950,000 to $1,200,000 USD, this Rt12 S is a prime example of RUF’s precision engineering and exclusivity.⁠Read the full article [here](. --------------------------------------------------------------- 💙 Restomod Group Evoluto Unveils the "Peak Analogue 355" TLDR: Evoluto's "355 by Evoluto" is a modern reimagining of the Ferrari 355, featuring a 420hp V8 engine, a new carbon body, and improved performance, debuting at Monterey Car Week 2024.⁠Why It Matters: Evoluto has unveiled the "355 by Evoluto," a modern reimagining of the iconic Ferrari 355, called the "Peak Analogue." This remastered supercar features a high-revving 420hp naturally aspirated V8 engine with over 200 new components for enhanced power and reliability. Engineered by DRVN Advanced Engineering and designed by Ian Callum, it boasts an all-new carbon body, a customizable interior, and improved torsional stiffness by 23 percent. Limited to 55 units, the 355 by Evoluto will debut at Monterey Car Week in August 2024. Read the full article [here](. --------------------------------------------------------------- ‍💨 Toronto's Car Culture Roars at the DRIVEN Aftermarket Car Show With eBay Motors TLDR: Presented by eBay Motors, the DRIVEN Aftermarket Car Show brought together passionate car enthusiasts from across Canada and beyond for a day of celebration.⁠Why It Matters: Held on June 1st at the Great Canadian Casino Resort’s impressive Level 0 Parkade, the event offered a unique “Tokyo Drift” style setting with 20-foot ceilings, perfectly complementing the high-octane atmosphere. One of the highlights of the day was the chance to meet legendary custom car craftsman Akira Nakai San. The famous Porsche artist was present at the eBay Motors display, offering attendees a rare opportunity to interact with a true icon in the automotive world. Nakai stars as the central figure of The Build, a short documentary presented by eBay Motors.⁠Read the full article [here](. --------------------------------------------------------------- [Hypebeast] [Download the Hypebeast App]( On iOS & Android Devices [hypebeast instagram]( --------------------------------------------------------------- [Manage Subscriptions]( Policy]( You are subscribed to Hypebeast’s marketing emails with the address: {EMAIL} Contact subscription@hypebeast.com for assistance on any enquiries. 2024 Hypebeast Limited. All Rights Reserved Hypebeast, 40/F, Cable TV Tower, No.9 Hoi Shing Road, Tsuen Wan, Hong Kong