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<blockquote data-quote="bmw7833" data-source="post: 23426" data-attributes="member: 4089"><p><img src="http://i307.photobucket.com/albums/nn320/evicevenevo/BMW/bbs-usa-001.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />German wheel manufacturer BBS has declared bankruptcy, and it&#039;s not the&nbsp; first time. Back in 2007, BBS was plagued with financial difficulties&nbsp; but Punch International stepped in to provide much-needed capital. The&nbsp; news of a second bankruptcy, which was filed on December 30, apparently&nbsp; came as a shock to the hundreds of employees and even corporate partner&nbsp; IG Metall. The latter was getting ready to put a few million bucks into&nbsp; BBS and rival company Ronal was ready to buy BBS&#039; Herbolzheim factory.&nbsp; We can only hope that BBS makes a strong recovery and we&#039;re not forced&nbsp; to look at BBS Bear wheels.*UPDATE: An official from BBS reached out to Autoblog and gave us&nbsp; greater insight into this move. Here is what they wanted to share:&nbsp; &nbsp; &quot;In Germany, BBS has filed for restructuring (Similar to the US&nbsp; Chapter 11) and at the same time they have a LOI with Ronal to buy the&nbsp; BBS plant in Herbolzheim. (Herbolzheim is the production facility for&nbsp; standard OEM high volume production.)&nbsp; &nbsp; The intent of BBS is to re-focus on our core business in Schiltach;&nbsp; Motorsports, OES business (Ferrari, Porsche, etc... and including our US&nbsp; based programs with Ford, Toyota, etc.), High-end aftermarket and&nbsp; Technology development. (Schiltach is the BBS headquarters responsible&nbsp; for all engineering, development, high-end and specialty production,&nbsp; etc.)&nbsp; &nbsp; BBS began life as a &quot;Racing wheel&quot; company (in Schiltach) over 40&nbsp; years ago, several years later they began producing aftermarket wheels&nbsp; and a few years later they were producing &quot;Specialty&quot; OE wheels (OES).&nbsp; &nbsp; BBS is just returning to its core business.&quot;</p></blockquote><p></p>

[QUOTE="bmw7833, post: 23426, member: 4089"] [IMG]http://i307.photobucket.com/albums/nn320/evicevenevo/BMW/bbs-usa-001.jpg[/IMG]German wheel manufacturer BBS has declared bankruptcy, and it's not the first time. Back in 2007, BBS was plagued with financial difficulties but Punch International stepped in to provide much-needed capital. The news of a second bankruptcy, which was filed on December 30, apparently came as a shock to the hundreds of employees and even corporate partner IG Metall. The latter was getting ready to put a few million bucks into BBS and rival company Ronal was ready to buy BBS' Herbolzheim factory. We can only hope that BBS makes a strong recovery and we're not forced to look at BBS Bear wheels.*UPDATE: An official from BBS reached out to Autoblog and gave us greater insight into this move. Here is what they wanted to share: "In Germany, BBS has filed for restructuring (Similar to the US Chapter 11) and at the same time they have a LOI with Ronal to buy the BBS plant in Herbolzheim. (Herbolzheim is the production facility for standard OEM high volume production.) The intent of BBS is to re-focus on our core business in Schiltach; Motorsports, OES business (Ferrari, Porsche, etc... and including our US based programs with Ford, Toyota, etc.), High-end aftermarket and Technology development. (Schiltach is the BBS headquarters responsible for all engineering, development, high-end and specialty production, etc.) BBS began life as a "Racing wheel" company (in Schiltach) over 40 years ago, several years later they began producing aftermarket wheels and a few years later they were producing "Specialty" OE wheels (OES). BBS is just returning to its core business." [/QUOTE]

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