Batteries run out for Tesla supplier

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Following several profit warnings from car suppliers resulting from an unexpectedly bad down turn in demand for vehicle production Eisenmann has filed for insolvency.

This is another example of the auto sector struggling with the growing economic uncertainty. 

With Evercore ISI commenting that it is not foreseeable for the environment to improve in the short term it is likely that Eisenmann will not be the only car manufacturer falling into difficulty.

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