Core Insights - Brose Fahrzeugteile is considering selling a stake in its business due to industry challenges, with discussions at an early stage and no final decision made yet [1][2] - The European auto supply chain is undergoing significant restructuring as suppliers face challenges from declining demand and the transition to electric vehicles [2] Company Overview - Brose, founded in 1908 and headquartered in Coburg, specializes in systems for doors, liftgates, seats, and electric motors for various applications [2] - The company employs approximately 31,000 people across 24 countries [3] Financial Performance - In 2024, Brose reported a net loss of €142 million ($166 million) amid market downturns and restructuring efforts [3] - Sales decreased to €7.7 billion, down €200 million from the previous year, with operating losses of €14 million [3] - Despite these challenges, free cash flow improved to €137 million due to reduced investments and asset sales, while the equity ratio remained stable at 48% [3] Future Outlook - Brose does not anticipate growth in its core business for 2025 and expects stagnation in group sales [4] - The company aims for a 20% reduction in staff costs by the end of 2026 as part of its cost-cutting strategy [4] - Earlier in the year, Brose sold its e-bike business to Yamaha Motor and renewed a long-term contract for its Shanghai joint venture [4] Leadership Changes - Maximilian Stoschek has recently taken over as chair of the company's administrative board [5]