BBS files for Bankruptcy

constantin · #1 01-05-2011, 07:20 PM

It's in german but I translated the most important info.

Filed for Bankruptcy on 12.30.2010
Prior to Christmas were discussions of Investors pumping money in to BBS
Details for Bankruptcy is unknown at this point
Employees haven't been paid for December
BBS Factory in Herbolzheim is possibly being sold to Ronal AG
BBS wants to specialize again (motorsport) and leave the consumer maket.

Basically they are doing some restructuring and focus on their core market = Motorsport

|sland|2oots · #2 01-05-2011, 07:47 PM

So is this the end of the classic LM's??

armorrig · #3 01-05-2011, 11:13 PM

Quote:

Originally Posted by |sland|2oots

So is this the end of the classic LM's??

I might have to take mine off and keep it in the freezer

constantin · #4 01-06-2011, 01:02 AM

Quote:

Originally Posted by armorrig

I might have to take mine off and keep it in the freezer

I think BBS will retain even more value now. Depending of the outcome.

E46transforM3r · #5 01-05-2011, 11:09 PM

oh no

Bimmerlifestyle · #6 01-06-2011, 01:03 AM

i love BBS

crzywhiteman01 · #7 01-06-2011, 01:36 AM

This is very shocking due the huge number of Motorsports teams that use BBS are their wheels as well as the huge number of people who use them in the consumer world.

Laidback · #8 01-06-2011, 01:43 AM

This is the second time in 3 years that they filed for Bankruptcy...hope they get everything sorted and pay all their employees...

thanks for posting Cons

indohan · #9 01-06-2011, 01:48 AM

I don't understand why?
Somebody explain? I thought they are doing well..

constantin · #10 01-06-2011, 02:07 AM

Quote:

Originally Posted by indohan

I don't understand why?
Somebody explain? I thought they are doing well..

My take on this:
BBS core product to begin with was motprsport wheels. As they grew and started making Wheels for major car manufacturers they had to expand to meet the demands from BMW, Porsche, GM etc......when the economy took a dump production slowed, inventrory grew, employees had to get paid etc. That part of their business over the years brought in most of the $$ for them. Now the money isn't there anymore.

I believe their performance line and mototsports line remained smaller and grew much slower. < basically easier to control and forecast. That's why thy are going back to basics....do what you do best!

Sorry for any weird typos. I'm writing this from my phone trying to go to sleep. To lazy to proof read.