NurSpec

I had no idea about this. Man BBS made some of the best wheels around!
This is outdated, but I didnt see any posts about it.


"BBS announces insolvency


Update of the autosuppliers BBS automotive technology AG in scold oh (circle Rottweil), one of the prominent manufacturers of light alloy wheels, placed insolvency request. As reason for the inability to pay the enterprise gave on Tuesday (6,2.) the way breaking of a bank on.



A catching solution failed. The technology leader with high-quality light alloy wheels had still briefly before communicated the change at the point of the supervisory board. The former minister of economics of Baden-Wuerttemberg Walter Doering should replace Hans-Peter Hirner (71).

BBS had communicated in August 2006 that the enterprise had to accept a result depression because of aluminum prices snapped the strongly up. The additional tax result sagged in the first half-year on minus 3.8 million euro. For the whole year 2006 BBS had expected a conversion of 200 million euro. The conversion of the yearly 2005 was with 189.8 million euro. BBS employs approximately 1,200 humans in the company.

Serious liquidity difficulties

"although to the time of the filing of an application still promising negotiations were led to the re-establishment of the solvency of the enterprise, were the reason for the filing of an application that the society was come into serious liquidity difficulties and the end of the request period stood, was called after Paragraf 92 of the law on limited companies before the expiration" it in the report of BBS.

A solution for the re-establishment of the solvency appeared last, which should be carried by the big customers of the enterprise. The promise of the big customers to make the necessary liquidity available by larger Vorfaelligkeitszahlungen it was also given. The conversion of the concept failed however at the night to Tuesday because of the resistance of one of the banks involved, although the society granted for the purpose of the continuation of the financing collateral to the financing banks. A catching solution under excluding the bank concerned did not come therefore no more to conditions."

equinox2355

so sad I love their wheels, just couldn't afford them lol maybe they will have liquidation on their wheels and we can get them for a "steal"

HKSpeed

this happened in Feburary 2007. in June/July 2007 a Belgium company bought BBS. i heard the US and Japan divisions of BBS are separate entities that are not as affected by the bankruptcy and sale of BBS Germany.

First SSR goes bankrupt (later bought by Tanabe), then BBS. With the influx of imitation wheels from China (and other aftermarket parts), alot of higher end wheel companies are going to feel the financial burn. Eventually companies like Rays, HKS, Greddy will have to consider moving their manufacturing to China to stay competitive (some already have).

tC9o9

i blame it all on rota

emptystreets130

Ouch. I love BBS rims too, but they are pricey. So this isn't going to affect operation in other countries? Seems kinda strange since I though BBS in other countries are "area" division. But then again there are some companies that are kinda separate.