Ineos Automotive has been forced to halt production of its popular Grenadier and Quartermaster models at the Hambach, France, facility. This pause stems from financial difficulties faced by a key supplier, with speculation pointing to renowned seat manufacturer Recaro, which recently declared bankruptcy.
Although Ineos has not officially confirmed the supplier’s identity, the impact on production is expected to be substantial.
Lynn Carter, CEO of Ineos Automotive, revealed that the unnamed supplier is in a precarious “pre-insolvency situation.”
This critical supplier is responsible for a "trim part" that is essential to the completion of the Grenadier and Quartermaster models. As Carter explained to Auto News, “It’s a trim part but one that we can’t sell the car without.”
While the supplier attempts to navigate its financial challenges, Ineos is actively exploring alternative supply chain options to resume operations.
No full resumption until 2025
The production hiatus is likely to stretch into early 2025, with Ineos adopting a cautious forecast. “We are operating a conservative scenario which would see us get back to full production rates in early 2025,” Carter stated.
Despite the current setback, the company is focused on finding solutions, vowing to “leave no stone unturned” to resolve the issue as swiftly as possible.
Ineos Automotive, which was founded in 2016 by British billionaire Sir Jim Radcliffe, has grown steadily, with sales in over 45 countries.
The company remains on course to deliver its 20,000th vehicle in the coming months, despite the production delays.
Furthermore, Ineos has ambitious plans to expand into new markets, including China and Mexico, reflecting its global aspirations despite this unexpected roadblock.