[WolfGTI]

https://motorillustrated.com/bbs-whe...kruptcy/53187/

[Nachbar]

NooooooooOOOooooooooo

[chenry]

okay this makes me feel a little better (fingers crossed)

The bankruptcy filing does not mean BBS will cease to exist, however. Much like Chapter 11 bankruptcy in the US, the company is hoping to buy some time as it restructures its business. As explained in the filing submitted in Germany (text in German) the move will give BBS “a second wind”.

[KennyFSU]

Yeah just a re-org, they'll still be in business.

A few companies have been doing the same, possibly due to the pandemic.

[DanG]

Hopefully BBS will survive. They makes the nicest wheels.

[rwheels]

Originally Posted by KennyFSU

Yeah just a re-org, they'll still be in business.

A few companies have been doing the same, possibly due to the pandemic.

That's what the article attributed it to. On a different note, I wanted to buy silver Super RS wheels, but they were on back order for 6 months; settled for gold, and am finally painting them.

[See5]

This is their 3rd bankruptcy since 2007. Seems like they're pretty experienced at this. lol

In its filling, BBS blames falling demand for tuning products and the difficult automotive retail environment as a result of the coronavirus pandemic. Moreover, BBS has had to halt production of its wheels because of COVID-19 and has been struggling with a supply problem.

[VisualEcho]

Damn, sell us all wheels at a discounted price, FIRE SALE!!!!

[itsrichierich]

Originally Posted by VisualEcho

Damn, sell us all wheels at a discounted price, FIRE SALE!!!!

X2 on this!

[No Boost]

Hasn't the Donald filed for bankruptcy on multiple occasions? His financial status is more than satisfactory and is currently leader of the free world.

[ase2dais]

How do you guys feel about this!
BBS Wheels Files for Bankruptcy, Blames Falling Demand and COVID-19

World renowned wheel manufacturer BBS is filing for bankruptcy, according to a July 16 submission.

The brand, currently owned by NICE Holdings Co. in South Korea, has specifically filed for a bankruptcy declaration similar to a Chapter 11 in Germany that will “give the company breathing space,” according to the translated filing. BBS claims the bankruptcy is due to falling demand for tuning parts, along with the strain placed on it from COVID-19 and the resulting decrease of material supply.

Acquired by NICE in 2015, the brand currently employees 1,200 staff members plus a large group in the United States. In 2018, BBS reported revenue of €90 million EUR (approximately $103 million USD) with a loss of approximately €11 EUR (or $12.5 million USD). The brand has filed for bankruptcy twice before, back in 2011 and again in 2007. While this third filing is in place, the brand will operate as usual but begin looking for a new owner to save the company.

BBS wheels was founded in 1970 as BBS Kraftfahrzeugtechnik AG in Schiltach, Germany, and has established itself as the go-to aftermarket wheel for tuner cars, sports cars, race cars and more. Its production of lightweight aluminum alloy wheels provided strength for the most demanding performance vehicles, while its distinctive flair and function-focused aesthetic was highly sought after by the lifestyle car community. Companies as well often used BBS wheels as OEM suppliers for their fleet, with BMW, Porsche, and Audi commonly seen partnering with BBS for its performance cars.


https://hypebeast.com/2020/7/bbs-whe...FA1-j89OgjNJUI

I still dont believe Im reading this, if a repost Disregard

[Epoustouflant]

They are restructuring.

[yco]

ohhh.. this is bad..
i hope they ll get through..

[Smgs1992]

Originally Posted by Stage IV

Hasn't the Donald filed for bankruptcy on multiple occasions? His financial status is more than satisfactory and is currently leader of the free world.

He personally has not. His businesses have. Similar to BBS it was a restructuring and the debts were still to be paid.

[F32Fleet]

Isn't this the 4th time they've filed BK?

[gilberjj]

If they don’t change some business practices, it seems like they are destined to be out of business... I hope not! I sure love my BBS CH-R wheels!

[GRUESOM3]

So my 3 sets of bbs should go up in value now.

[Maitre_Absolut]

dont they supply OE wheels for multiple manufacturers? I would imagine this part of the business is larger than aftermarket.

[ase2dais]

i better get another set of CH-R as well

[shimmy23]

Originally Posted by GRUESOM3

So my 3 sets of bbs should go up in value now.

And my bbs rsii will stick with me a bit longer

[GRUESOM3]

I just remembered I have a 18x4 bbs space saver. Let's hope the bbs wheels become like the Porsche fuchs selling for 10k

[GORDON.M3]

Originally Posted by GRUESOM3

I just remembered I have a 18x4 bbs space saver. Let's hope the bbs wheels become like the Porsche fuchs selling for 10k

But FUCHS is still around today.

They manufactured the OEM 220Ms for our cars, which everyone hates for some reason... I personally love that wheel, light forged wheel made by a proven wheel company with extensive research and design.