BBS filed for bankruptcy on December 30

Article by Christian A., on January 6, 2011

World-famous producer of wheels BBS is filing for bankruptcy, according to Frankfurter Allgemeine Zeitung's FAZ.net website. This brand has been seen on Volkswagens to F1 racers but apparently, it has been in some financial troubles.

Actually, the German wheel manufacturer filed for bankruptcy on December 30, surprising its employees and its corporate partner IG Metall, whose CEO told FAZ right before Christmas that he planned a multi-million dollar investment in the firm.

A court spokesman made the announcement of the bankruptcy filing. Attorney Thomas Oberle has been appointed as a liquidator for the company.

The company didn’t give specific reasons for this decision. It has also not revealed what it plans for the 436 employees working for BBS and IG Metall.

In 2007, the company filed for bankruptcy and since then, it has faced financial difficulties. What’s definite is that BBS will sell the production facilities at Herbolzheim, which has about 150 workers, to the Swiss bike manufacturer Ronal AG.

Once this sale is completed, BBS would reportedly withdraw from the mass market, which makes up 65% of its total sales.

Topics: bankruptcy

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Now on sale in several major markets around the world including Europe, the BMW 5 Series (G30) heralds the arrival of the new seventh generation and represents a whole new...
by - February 19, 2017
Just recently, it was speculated that a new Porsche Cayman GT4 RS is coming. There is no official confirmation yet from the German sports car maker, but the arrival of...
by - February 18, 2017
Will there be a BMW M4 CS? Apparently, there is a Club Sport version of the BMWM4 after it was sighted in California doing a shoot for a new commercial...
by - February 18, 2017
Having a 400 hp and 470 lb-ft of torque is a tremendous advantage. Yet Ford hasn’t formally announced the numbers regarding its latest Ford Expedition. The current SUV as we...
by - February 17, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries