BBS in trouble?

wahoo · 02-06-2007, 11:47 PM

Can someone translate this?
From 6speedonline...mentioned that they are closing?!?!?

http://www.automobilwoche.de/apps/pb...702060376/1060

Vegas_Sirk · 02-07-2007, 12:19 AM

Saw that here too:

http://www.nsxprime.com/forums/showthread.php?t=83117
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Vegas_Sirk · 02-07-2007, 12:20 AM

http://www.bbs.com/fileadmin/bbs/pdf...c_20070117.pdf
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longtran · 02-07-2007, 12:21 AM

they are bankrupt.

Vegas_Sirk · 02-07-2007, 12:24 AM

I wonder when the clearance will start on the wheels .... sounds like the time to get some LMs before its too late.
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uhaulball · 02-07-2007, 12:37 AM

nice. time for some BBS LM's

shragon · 02-07-2007, 12:44 AM

translated by google...

Quote:

BBS announces insolvency

The autosupplier BBS automotive technology AG in scold oh (circle Rottweil) placed an insolvency request. As reason for the inability to pay the enterprise indicated the omission of a big customer on Tuesday. A catching solution failed.

Scold oh. The autosupplier 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 indicated the way breaking of a bank on Tuesday. 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 Döring 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 1200 humans in the company.

“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 Vorfälligkeitszahlungen 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. (German Press Agency/in accordance with)

Tuesday, 06 February 2007, 16,00 o'clock

yep, sounds like bankruptcy.

pretty crazy! they're such a respected wheel company.

RT · 02-07-2007, 12:50 AM

Wow....this is hard to believe

I hope someone will take over and save the brand. Anyone know what's happeneing with BBS Japan? (Hopefully LM-R will still be available when I have enough money for them. )

wj4 · 02-07-2007, 01:22 AM

Quote:

Originally Posted by slammedbimmer

it might be the time to buy but if you bend that rim, you better hope its repairable. otherwise, dont plan on buying a new replacement!! in other words, youll be left looking for someone in the same boat. or youll be translating the word "gefickt".

The same can be said about a discontinued wheel, right?

Even though if the Brand is still making new wheels, but discontinues the one you have, you are out of luck.

rikuF10 · 02-07-2007, 05:06 AM

OH NO!!!

I placed my order for a set of 19" RS-GT in Nov 2006. The dealer say it will be here in 2 months.....now they still cannot confirm me a date on the shipment.

Maybe this is why!

MarkY · 02-07-2007, 07:38 AM

Bummer, they are such a long standing company with a great heritage. Maybe someone will buy them to capitalize on the branding. Their quality really can't be beat. I found this from the PDF above to be funny: "BBS employs approximately 1200 humans in the company." They should give equal billing to the robots as well.

bavarian19 · 02-07-2007, 07:45 AM

Doesnt BBS also make OEM wheels for BMW

canucklion · 02-07-2007, 07:48 AM

^ just some though, not all BMW OEM wheels are made by BBS, so I think BMW will be fine

Gary@TireRack · 02-07-2007, 07:50 AM

We heard news of BBS AG (Germany) filing for chapter 11 bankruptcy. We talked to BBS America and they expect more official information today.

It should be noted that this is not a closing or going out of business type of bankruptcy but instead a restructuring. Also BBS America is a Delaware Corp. and is funded by US banks. In addition BBS Japan is a completely separate company that simply produces BBS wheels by license.

bavarian19 · 02-07-2007, 07:51 AM

Quote:

Originally Posted by canucklion

^ just some though, not all BMW OEM wheels are made by BBS, so I think BMW will be fine

I believe some of their sportier rims are BBS made (162's, ZCP's)

Im sure BMW will get by, but that will be something that BMW will have to make some rather serious adjustments.

Do you think its a possibility that someone might come in with the right amount of cash to get BBS back on their feet???

E90Boy · 02-07-2007, 08:48 AM

Quote:

Originally Posted by RT

(Hopefully LM-R will still be available when I have enough money for them. )

I'm sure this is partly the reason why the company is "restructuring" or going bankcrupt, because prices are so high and competitions are getting better and cheaper. I honestly like DPE better than BBS.

funky_chilli · 02-07-2007, 08:51 AM

err last time i checked DPE were more expensive than BBS?

Bimmerista · 02-07-2007, 10:38 AM

Sheeesh

BBS is dissolving (Chapter 7) because one of their banks pulled the plug after BBS posted losses on higher alu and other metals prices .

That company was litterally based one stone throw away from where I used to live in Germany - long standing employer and I always loved their wheels.

Can't get over this - someone should buy their IP (name and wheel design pattents) from the insolvency and start over.

longtran · 02-07-2007, 11:06 AM

Quote:

Originally Posted by Gary@TireRack

We heard news of BBS AG (Germany) filing for chapter 11 bankruptcy. We talked to BBS America and they expect more official information today.

It should be noted that this is not a closing or going out of business type of bankruptcy but instead a restructuring. Also BBS America is a Delaware Corp. and is funded by US banks. In addition BBS Japan is a completely separate company that simply produces BBS wheels by license.

can you chime in here??? http://www.e90post.com/forums/showthread.php?t=46257

longtran · 02-07-2007, 11:08 AM

Quote:

Originally Posted by funky_chilli

err last time i checked DPE were more expensive than BBS?

that is true, but if you think about it BBS is more than DPE. BBS make massive production wheels. DPE make them per order. BBS limited to offset, colors and size. DPE is you get it your way.

ScBlacksunshine · 02-07-2007, 11:19 AM

Quote:

Originally Posted by E90Boy

I'm sure this is partly the reason why the company is "restructuring" or going bankcrupt, because prices are so high and competitions are getting better and cheaper. I honestly like DPE better than BBS.

Good for you, but know that BBS wheels, especially their forged series are much higher quality then DPE/HRE...etc. Coming from Japan, they're more in line with Volks/Works with much tighter tolerance and QC then DPE/HRE which outsource the forging to third party forge-press overseas. IMHO, DPE is not as bad price wise, but HRE are downright ridiculous for their wheels which essentially is no different then iforged/Jline/DPE in quality, then again I guess they have the ability to charge that much since the name represent more then just the wheels (Perfect example...ghetto spinners like Niche, Giovanni wheels or DUB)

obLu · 02-07-2007, 11:23 AM

I'm not too worried. Somebody's always looking for a good investment opportunity; someone's going to buy-in and restructure the company for profit. Little chance that a company with that kind of brand recognition won't get picked up.

Doesn't mean it'll be the same company or the same quality of product, but the name will be there.

02-06-2007, 11:47 PM	#1
wahoo Bangin' my head against the wall 15 Rep 460 Posts Drives: '08 335i Join Date: Jul 2005 Location: atlanta iTrader: (0)	BBS in trouble? Can someone translate this? From 6speedonline...mentioned that they are closing?!?!? http://www.automobilwoche.de/apps/pb...702060376/1060
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02-07-2007, 12:19 AM	#2
Vegas_Sirk Banned 580 Rep 3,547 Posts Drives: 2013 JKU Wrangler Join Date: Feb 2007 Location: Boise, ID iTrader: (11) Garage List 2011 BMW M3 ZCP [0.00] 2008 535xi [0.00] 2009 John Cooper Wo ... [9.50] 2007 E90 335i [0.00]	Saw that here too: http://www.nsxprime.com/forums/showthread.php?t=83117 ________ ipod games Last edited by Vegas_Sirk; 01-24-2011 at 01:18 AM..
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02-07-2007, 12:20 AM	#3
Vegas_Sirk Banned 580 Rep 3,547 Posts Drives: 2013 JKU Wrangler Join Date: Feb 2007 Location: Boise, ID iTrader: (11) Garage List 2011 BMW M3 ZCP [0.00] 2008 535xi [0.00] 2009 John Cooper Wo ... [9.50] 2007 E90 335i [0.00]	http://www.bbs.com/fileadmin/bbs/pdf...c_20070117.pdf ________ extreme q vaporizer Last edited by Vegas_Sirk; 01-24-2011 at 01:19 AM..
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02-07-2007, 12:21 AM	#4
longtran Lieutenant General 1431 Rep 16,628 Posts Drives: E90 M3 Join Date: Jul 2005 Location: CA iTrader: (105) Garage List 2006 325i [0.00]	they are bankrupt.
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02-07-2007, 12:24 AM	#5
Vegas_Sirk Banned 580 Rep 3,547 Posts Drives: 2013 JKU Wrangler Join Date: Feb 2007 Location: Boise, ID iTrader: (11) Garage List 2011 BMW M3 ZCP [0.00] 2008 535xi [0.00] 2009 John Cooper Wo ... [9.50] 2007 E90 335i [0.00]	I wonder when the clearance will start on the wheels .... sounds like the time to get some LMs before its too late. ________ marijuana dispensary Last edited by Vegas_Sirk; 01-24-2011 at 01:19 AM..
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02-07-2007, 12:37 AM	#6
uhaulball Brigadier General 195 Rep 4,163 Posts Drives: e90 330xi Join Date: Dec 2005 Location: Long Island, NY iTrader: (11)	nice. time for some BBS LM's __________________ '06 bsm e90 330xi : 18" VMR CSL : KW V3 : GruppeM Rep Intake : UUC/Corsa Catback : Hartge Lip : ACS Roof Spoiler OEM CF Trunk Spoiler : CF Emblems. Pillars. Mirror. Grille : LUXER12 led plate : V1 Hardwired : OG.longtran e90post sticker! circa 2005
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02-07-2007, 12:50 AM	#8
RT Enlisted Member 2 Rep 31 Posts Drives: 2006 E90 320i Join Date: Jan 2007 Location: Taipei, Taiwan iTrader: (0) Garage List 2006 320i [0.00]	Wow....this is hard to believe I hope someone will take over and save the brand. Anyone know what's happeneing with BBS Japan? (Hopefully LM-R will still be available when I have enough money for them. ) __________________ The BMW 3 series...the ultimate driving machine for 30 years and counting!!
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02-07-2007, 05:06 AM	#10
rikuF10 Major 81 Rep 1,391 Posts Drives: F10 G29 Join Date: Apr 2006 Location: Hong Kong iTrader: (0) Garage List 2019 BMW Z4 [0.00] 2012 BMW 528i [8.50]	OH NO!!! I placed my order for a set of 19" RS-GT in Nov 2006. The dealer say it will be here in 2 months.....now they still cannot confirm me a date on the shipment. Maybe this is why!
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02-07-2007, 07:38 AM	#11
MarkY Private 7 Rep 57 Posts Drives: 330Ci Join Date: May 2005 Location: DC/MD/VA iTrader: (0)	Bummer, they are such a long standing company with a great heritage. Maybe someone will buy them to capitalize on the branding. Their quality really can't be beat. I found this from the PDF above to be funny: "BBS employs approximately 1200 humans in the company." They should give equal billing to the robots as well.
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02-07-2007, 07:45 AM	#12
bavarian19 General 517 Rep 18,858 Posts Drives: Car Join Date: Mar 2005 Location: VA iTrader: (23)	Doesnt BBS also make OEM wheels for BMW
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02-07-2007, 07:48 AM	#13
canucklion pull my finger to get your kinder® surprise 148 Rep 10,455 Posts Drives: circles around you Join Date: Dec 2005 Location: Toronto, Canada iTrader: (9)	^ just some though, not all BMW OEM wheels are made by BBS, so I think BMW will be fine __________________
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02-07-2007, 07:50 AM	#14
Gary@TireRack Moderator 369 Rep 4,745 Posts Drives: Formerly 1995 M3 Join Date: Oct 2006 Location: South Bend, IN, Tire Rack HQ iTrader: (2)	We heard news of BBS AG (Germany) filing for chapter 11 bankruptcy. We talked to BBS America and they expect more official information today. It should be noted that this is not a closing or going out of business type of bankruptcy but instead a restructuring. Also BBS America is a Delaware Corp. and is funded by US banks. In addition BBS Japan is a completely separate company that simply produces BBS wheels by license. __________________ Gary. Tire and Wheel Forum Moderator. Tire Rack Sales Rep Gary@Tirerack.com http://www.tirerack.com/a.jsp?a=AH8&url=index.jsp Please refer to 'Gary/E90 Post' as your previous contact when you order online to help support this forum.
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02-07-2007, 08:51 AM	#17
funky_chilli burp 6 Rep 537 Posts Drives: '13 328i Sport Line Join Date: Oct 2006 Location: Aussie in Hong Kong iTrader: (0)	err last time i checked DPE were more expensive than BBS? __________________ wils '13 F30 328i Sport Line Moved on from: '09 E90 323i M-Sport \| '08 MKV GTI \| '02 MINI Cooper \| '99 E46 318i Exec
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02-07-2007, 10:38 AM	#18
Bimmerista Major General 82 Rep 5,732 Posts Drives: superstock Join Date: Aug 2005 Location: Montreal, Quebec, Canada iTrader: (0)	Sheeesh BBS is dissolving (Chapter 7) because one of their banks pulled the plug after BBS posted losses on higher alu and other metals prices . That company was litterally based one stone throw away from where I used to live in Germany - long standing employer and I always loved their wheels. Can't get over this - someone should buy their IP (name and wheel design pattents) from the insolvency and start over. __________________ __________________________ 2016 435 xdrive GC white on black leather interior, Msport1, Msport2, premium package 2015 Lincoln MKX, silver on brown leather, premium package - that's right! Techno-Groovy baby
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02-07-2007, 11:23 AM	#22
obLu Major 50 Rep 1,159 Posts Drives: 330i 6MT ZSP Join Date: Jun 2005 Location: Kirkland, WA, USA iTrader: (1)	I'm not too worried. Somebody's always looking for a good investment opportunity; someone's going to buy-in and restructure the company for profit. Little chance that a company with that kind of brand recognition won't get picked up. Doesn't mean it'll be the same company or the same quality of product, but the name will be there.
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