This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page the ae group AG filed an application for the opening of insolvency proceedings under self-administration with the Meiningen Local Court Reduced demand from the automotive industry has put the manufacturer of aluminum die-cast parts in an economic imbalance "The ae group's business operations will continue without restrictions as part of the court-ordered restructuring proceedings Our aim is to preserve the company," emphasizes lawyer Martin Mucha from the law firm GRUB BRUGGER The experienced restructuring expert Martin Mucha and his team have joined the company as general representatives for the duration of the proceedings and are supporting the management with the restructuring The wages and salaries of the approximately 1,000 employees are secured until the end of October thanks to the insolvency substitute benefits The ae group was founded in 1980 and most recently generated sales of around 150 million euros The company produces die-cast aluminum parts transmission control parts and battery housings for the automotive industry The ae group has four production sites in Gerstungen in Thuringia (headquarters) The ae group's Management Board members are Christian Kleinjung (CEO) and Philipp Bächle (CRO Self-administration provides companies with a legal framework to restructure themselves in close consultation with creditors while business operations continue In contrast to regular insolvency proceedings entrepreneurial responsibility remains in the hands of the management Insolvency law allows this in cases where companies take action themselves at an early stage in the event of economic problems and there is sufficient scope for a solution the competent local court does not appoint an insolvency administrator This monitors the proceedings in the interests of the creditors Romy Metzger from the law firm SGP Schneider Geiwitz has been appointed as the provisional administrator "We very much regret having to take this step Although we have already intensified our efforts to restructure our company in recent months the slump in demand from car manufacturers continues to cause us great difficulties We are confident that the insolvency proceedings will enable us to restructure our company and preserve jobs," explains Christian Kleinjung "The substance of the ae group is good and the products are of the highest quality We are therefore striving to restructure the company and hope that we can find a good solution together with the employees customers and suppliers," adds Martin Mucha About GRUB BRUGGER GRUB BRUGGER has been a law firm specializing in insolvency restructuring and commercial law for over 50 years operating nationwide from its offices in Stuttgart insolvency administration and self-administration GRUB BRUGGER advises companies in crisis as well as creditors According to the JUVE Handbook of Commercial Law Firms 2023/2024 GRUB BRUGGER is once again one of the leading law firms in insolvency administration/property administration GRUB BRUGGER was named "Law Firm of the Year 2022" for insolvency and restructuring About SGP Schneider Geiwitz SGP Schneider Geiwitz has been supporting companies for more than 40 years the law firm is represented at 23 other locations in addition to its headquarters in Ulm the company the company covers a comprehensive range of services for companies I would like to receive the bi-weekly Foundry-Planet newsletter with all latest news Plus the special newsletters – all can be cancelled anytime and at no cost Katie Compton (Planet Bike) with one lap to go.(Image credit: Dave McElwaine/trailwatch.net)Katie Compton takes the UCI World Cup leader's jersey the first time for any American cyclo-cross competitor.(Image credit: Mark Legg)American Katie Compton cruised to the top of the UCI rankings with a seven-for-seven winning streak that began at CrossVegas and continued through the Planet Bike races in Wisconsin Compton became the first American ever to lead the UCI Cyclo-cross World Cup The win also netted the Planet Bike rider 300 points and she padded her lead to 420 with the other wins She leads Dutchwoman Daphny Van Den Brand by 140 points with France's Christel Ferrier-Bruneau a further 40 points in arrears will resume her racing after a brief rest at her home in Colorado Springs Colorado at the end of the month before leaving for Europe to resume her World Cup campaign Compton believes she can defend her lead in both the World Cup overall and the UCI overall points lead until the end of the season "It's a great start to the season and I'm really motivated to win the World Cup overall for my new sponsor The fitness is good and the bike is dialed in," said Compton The men's standings are dominated by World Champion Niels Albert who nearly went undefeated this season until Sven Nys got the better of him at the Superprestige race in Ruddervoorde Albert holds a commanding lead over Czech Zdenek Stybar after dual World Cup wins in Treviso and Plzen Jonathan Page is the top-ranked American rider after a string of early wins in the US The Cannondale-Cyclocrossworld.com trio Jeremy Powers Jamey Driscoll and Tim Johnson sit at 13th while US champion Ryan Trebon is 23rd overall The UCI's published rankings caused some consternation for new Canadian Champion Geoff Kabush who noticed that the 100 points he should have been awarded for winning the national championships earlier this month hadn't been added to his total "I noticed on the new UCI rankings the points weren't included and thought the results just hadn't been submitted Then I checked and the Nationals results were listed on the UCI website," Kabush told Cyclingnews The Canadian Cycling association is awaiting confirmation but indicated the UCI may be holding the points until January 10 when the European contries hold their championships former member of the International Association of Cyclo-Cross Organizers said that this idea had been discussed previously by the UCI but I wasn't sure if it was being implemented," Myerson said His four-year term on the panel ended this month "The logic was that while the UCI is happy to allow certain nations permission to have their nationals on different dates thosenations shouldn't benefit from the gain in UCI points before countries holding their nationals on the traditional date "If that's being implemented now in Canada's case then you can be sure it will be implemented for the US as well." "It is somewhat annoying as the points are very important for start position and [the UCI] seem to be fabricating this rule out of thin air for cyclo-cross and other disciplines happen at different times and are always credited immediately." the 120 points awarded for winning a national championship would have put him from 45th overall at 70 points to 20th overall with 190 eight points ahead of American Tim Johnson Follow Cyclingnews on Twitter for the very latest coverage of events taking place in the cycling world - twitter.com/cyclingnewsfeed she coordinates coverage for North American events and global news As former elite-level road racer who dabbled in cyclo-cross and track Laura has a passion for all three disciplines When not working she likes to go camping and explore lesser traveled roads UCI governance and performing data analysis World Cup sweeps distance competition in men's and women's rankings Katie Compton (Planet Bike) looking smooth heading through the barriers.(Image credit: Jonathan Devich/epicimages.us)Niels Albert (BKCP-Powerplus) tops the podium with Zdenek Stybar (Telenet Fidea) and Sven Nys (Landbouwkrediet) l & r.(Image credit: www.ispaphoto.com)World champion Niels Albert (BKCP-Powerplus) celebrates his third consecutive World Cup victory.(Image credit: www.ispaphoto.com)Katie Compton (Planet Bike)(Image credit: Mark Legg-Compton)World Champion Niels Albert and US champion Katie Compton pushed further ahead of the competition on the UCI's cyclo-cross rankings this week after enjoying clean sweeps of their respective World Cup series Compton ready to stomp on 'cross World Cup Albert dominates World Cup opener Albert launches his assault on 2009/2010 Albert, Compton lead UCI rankings USA Cycling makes first selections for 'cross Worlds taking commanding wins in Treviso and Plzen but the Belgian had to work hard to get the better of Czech champion Zdenek Stybar in Sunday's round in Nommay The BKCP-Powerplus rider narrowly defeated Stybar in the sprint for the line while Sven Nys battled back from a poor starting position to take his second World Cup podium of the year in third Albert now leads the rankings with 1,160 points over Stybar (945) and Nys (682) with Frenchman Francis Mourey claiming fourth with 588 points American Compton has earned the maximum number of UCI points in her 10 starts this season by going undefeated in every race so far The Planet Bike rider pulled further ahead in the rankings thanks to her second consecutive World Cup win after Treviso Compton put on a commanding performance to best World Champion Marianne Vos in Nommay Dutch rider Daphny Van Den Brand continued strong and consistent performances to take fourth in Nommay behind teammate Sanne Van Passen pushing herself into second place in the UCI rankings Van Den Brand trails Compton by 190 points with 570 total while Van Passen is in third with 434.  Vos lies in fourth after a late start to the season with 410.