BBS files for bankruptcy

[GT3]

Report: BBS files for bankruptcy... again

by Jeff Glucker (RSS feed) on Jan 5th 2011 at 2:45PM
BBS WheelGerman 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. [Source: Faz via Fourtitude]

Filed under: Aftermarket, Europe, Earnings/Financials
http://www.autoblog.com/2011/01/05/r...tcy-yes-again/

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Repost, Bro Montana.

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