BBS Wheels May Be No More
Posted 09/02/2007
http://www.funkystyling.co.uk/blogcomme … ?blogID=14

In worrying news we heard today it would seem that wheel manufacturer BBS, one of the worlds finest wheel producers, may go bust!  BBS wheels are among the most well known wheel designs in the world and have been on the market for as long as we can remember. It came as a bit of a shock when we read this news article:

BBS: production continues despite insolvency

In spite of being on the edge of bankruptcy BBS keep up their wheel production.

Chances are good for German wheel maker BBS that a solution can be found to remain in business. After losing a major client BBS found themselves unable to pay their debts in full anymore. But now it seems that other customers showed their will to support their supplier by paying quickly. Wages have been payed for January, a spokesman of the trade union IG Metall said.

750 employees produce Aluminium and Magnesium wheels in Schiltach and Herbolzheim, Germany. All in all some 1,200 staff work for BBS worldwide. In 2006 the company had some 200 million Euros turnover (appr. £135 million) but due to rising prices for Aluminium there was a loss of 3,8 million Euros (£2,5 million).



NASTY..  Wonder which major client they lost??

I love BBS ! Top quality products what a shame....