Robert Levy Associates has announced the start of a series of secured party sales of the assets from two complete JD Norman plants in Germany.
JD Norman, an OEM and Tier 1 supplier of automotive powertrain and components, shut down in 2020 after more than 30 years providing complete assembled components to companies including Mercedes Benz, Audi, Ford, VW, Fiat and Kia.
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Items to be sold include lines and parts to manufacture engines, transmissions and other automotive components.
The Negotiated Sale of specific assets is currently underway, with a series of online auctions set to be conducted in July and September, 2021. The sales are being managed by a global team of automotive asset specialists: Robert Levy Associates, Maynards and Gordon Brothers.
More than 1,400 late model assets being sold include:
- Automobile engine components
- Chassis components
- Transmission housings
- More than 200 CNC machining centres
- Quality assurance equipment
- Toolroom equipment
- Shop & factory tooling and supplies
- Real estate
“This sale of automotive powertrain manufacturing technology represents a remarkable opportunity for our customers in the automotive industry,” said Robert Levy Associates president, Robert Levy.
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By GlobalData“Beyond that, many of the assets in this sale can be easily used to manufacture a wide variety of other products at a fraction of new cost. This equipment can be obtained for immediate delivery for those who are currently in need of manufacturing capacity, mitigating the effects of the global shortage of equipment and materials.”
