German motorhome maker Knaus Tabbert has filed for bankruptcy protection and will shut down production at its site in Hungary because of a lack of orders.
József Botka, managing director, told the Budapest Business Journal that Knaus Tabbert wants to keep the plant operational until the end of January when the market is expected to stabilize.
The German official in charge of Knaus Tabbert’s bankruptcy is considering selling the company’s Hungarian plant, he added.
Knaus Tabbert Hungary exported 4,794 trailers and 286 caravans in 2007. In the same year, it completed major investment at its production base near Budapest while adding a new production facility in 2008.