Business · Companies · 21 hrs ago
Düsseldorf auto supplier Capricorn enters preliminary insolvency proceedings
Two core Capricorn companies have entered preliminary insolvency proceedings in Düsseldorf, Germany.
The group makes lightweight components for cars and motorsport, and has supplied companies including Porsche, Lamborghini and Bugatti, as well as Formula 1 teams.
Reports differ on its workforce: one says 56 employees are affected, while another puts the group at nearly 500 staff.
A preliminary administrator is reviewing the companies’ finances, and the business is expected to keep operating for now.
The administrator is to examine restructuring options, and a search for an investor is also expected.
The cause of the insolvency is not yet known, and it remains unclear whether Capricorn can continue its planned 900-horsepower Capricorn 01 Zagato hypercar.
Capricorn has filed for insolvency for two of its core companies, Capricorn Holding GmbH and Capricorn Composite GmbH.
A provisional insolvency proceeding began on 4 November, with lawyer Dirk Andres appointed provisional administrator.
The businesses make lightweight components for cars and motorsport, and have supplied manufacturers including Porsche, Lamborghini and Bugatti.
The cause of the insolvency is not known, and the future of Capricorn’s planned 01 Zagato hypercar is unclear.
The sources differ on staffing: Bild reports 56 employees at the affected businesses, while t-online says the wider company employs nearly 500 people.
- Who
- Capricorn Holding GmbH and Capricorn Composite GmbH, two core companies in the Capricorn group.
- What
- They have filed for insolvency, and a provisional insolvency proceeding has begun.
- When
- The court opened the provisional proceeding on 4 November 2026.
- Where
- Düsseldorf, Germany.
- Why
- The cause is not known and is being investigated.
This story does not have two clearly opposing sides.
Capricorn and motorsport company Getspeed bought the insolvent Nürburgring.
The court opened provisional insolvency proceedings for Capricorn Holding GmbH and Capricorn Composite GmbH.
Bild and t-online reported the insolvency proceedings and the uncertainty facing the company.
- Affected companies
- Capricorn Holding GmbH and Capricorn Composite GmbH
- Provisional administrator
- Dirk Andres
- Court location
- Düsseldorf
- Employees
- Bild reports 56 at the affected businesses; t-online reports nearly 500 across Capricorn
- Hypercar plan
- 19 Capricorn 01 Zagato cars, with 900 PS
- Founded
- Capricorn was founded in 1994 by Robertino Wild
2 sources
What people are saying
Prof. Dr. Andres will now review the economic situation with his team and, based on that, examine restructuring options. Business operations will continue.
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