The bankruptcy filing of Teknia Stuttgart does not affect its parent company, Teknia Group.

Although Teknia Stuttgart filed for bankruptcy, its parent company, the Teknia Group, has not been affected in its production facilities in 12 countries around the world. Founded in 1992 and headquartered in Spain, the Teknia Group's clients include Tier 1 suppliers such as Bosch, ZF, and Freia, as well as OEMs such as Volkswagen Group and General Motors Group.