Varta files for insolvency

[R4EVS]

Not sure if this should be here or in NP&E but this seems like a biggy to me. One of the biggest OEM manufacturers of car batteries and one of those brands that has always been there and you could depend upon looks destined to become just another name on something made in the far east, probably.

German battery maker Varta files insolvency applications

The decline and fall of the European automotive industry is truly structural when you see this sort of thing happening.