translate English to German: On 7 April 2005 the company announced that it was suspending production because of parts' shortages. Later in the day, it was announced by Patricia Hewitt , the Secretary of State for Trade and Industry , that the company was being placed in receivership .
Dieses finanzielle und organisatorische Desaster kostete den verantwortlichen Vorstandschef Bernd Pischetsrieder und Technikvorstand Wolfgang Reitzle ihre Jobs bei BMW.