Autohaus König Files for Insolvency Amidst Mounting Debts
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Autohaus König Files for Insolvency Amidst Mounting Debts
- Autohaus König, one of Germany's largest car dealership groups, officially filed for insolvency with over 212 million Euros in outstanding liabilities.
- The Charlottenburg District Court appointed lawyer Dr. Rainer Eckert as the preliminary insolvency administrator on September 1, 2026.
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The Autohaus König group, a prominent German car dealership with approximately 1,200 employees and 82 locations, primarily in Eastern Germany, has filed for insolvency. The insolvency application was submitted to the Charlottenburg District Court, which appointed Dr. Rainer Eckert as the preliminary insolvency administrator on September 1, 2026.
At the time of filing, the “Autohaus Gotthard König GmbH” reportedly had over 212 million Euros in overdue liabilities, with only 1.3 million Euros in liquid assets and an additional 250,000 Euros in uncalled credit loans. This means only about 0.7% of the liabilities could have been paid. Despite these significant financial difficulties, the company had reported record sales of over 11,600 vehicles in the first quarter of 2025 and an all-time high workshop turnover of 6.8 million Euros in March of the same year.
The company’s management stated that they had “fought intensively for a solution outside of insolvency until the very end” but faced “profound structural challenges” within the automotive industry. The ongoing business operations, including sales, workshops, spare parts, and service, are expected to continue. The salaries for employees for August will be covered by insolvency benefits. The preliminary insolvency administrator and management are working with manufacturing partners and banks to develop a restructuring plan aimed at preserving as many locations and jobs as possible. Customers who have made down payments for vehicles are being advised to seek legal counsel to assess their individual rights.