BBS wheels reportedly files for bankruptcy in Germany

[kobayashiGT]

BBS wheels reportedly files for bankruptcy in Germany

source: https://uk.motor1.com/news/434607/bbs-wheels-bankruptcy-germany/

The wheel manufacturer should stick to business-as-usual for now.

2020 has been a difficult year for most companies, and that’s putting it lightly. 2020 has been a tough year for everyone, and the financial fallout from coronavirus will most definitely take some companies down for the count. In the automotive realm, one of these companies could be BBS, which is reportedly facing bankruptcy.

This would be the third time the German-based custom wheel manufacturer has been in hock. In 2007 the company went through bankruptcy and was ultimately purchased by a Belgium company. Another bankruptcy occurred a few years later, and as of 2015, a South Korean company called Nice Corp was the majority stakeholder. Autoevolution reports the current financial crisis for BBS is the result of an “unexpected disappearance of promised payments,” according to a statement allegedly from BBS. Exactly what that means is unclear.

A report from Motor Illustrated offers a bit more insight. The bankruptcy filing is apparently in Germany only, with diminished demand and halted production due to COVID-19 being the reasons. The move is similar to a Chapter 11 filing in the United States, which means BBS shouldn’t simply disappear. Rather, it’s a reorganizing that, in theory, will allow the company to continue operation. As such, the report says BBS will continue normal operations for now.

How this will affect BBS in the US is unclear at this point. The manufacturer has a deal with NASCAR to supply single-lug wheels for the next-generation cars in the series. Yes, that means no more twenty-lug ballets with pit crew teams during four-tyre pit stops. It also means the days of black 15-inch steelies on the cars are over, as BBS offerings are said to be 18-inch aluminium wheels.

It’s doubtful that deal alone will pull BBS out of the financial fire, but having a bit more publicity with America’s premier motorsport certainly shouldn’t hurt.

Quote

This is a very sad piece of news. 😢

 

[Wt_know]

wah BBS also beh tahan liao ... 

BBS forged wheel is really expensive and not every petrol head can stomach the cost ...  

[Weez911]

I personally feel that the BBS design has not changed much over the past few years. They need to refresh their design and be more bold. That’s my take. 

[ER-3682]

4 minutes ago, Wt_know said:

wah BBS also beh tahan liao ... 

BBS forged wheel is really expensive and not every petrol head can stomach the cost ...  

Agreed...but it is a Good Rim...i bought the RI-A last Year,18'' for $1,150 per Pc...while OZ 19'' just costs $3,500 inc PS4s Tyres..

[Wt_know]

flow formed wheel is better than cast and cheaper than forged

many modder and local tuner will go with flow formed wheel

fully forged wheel is losing the market ... 

Edited July 18, 2020 by Wt_know

[kobayashiGT]

45 minutes ago, Wt_know said:

flow formed wheel is better than cast and cheaper than forged

many modder and local tuner will go with flow formed wheel

fully forged wheel is losing the market ... 

I agree. I am on advan rims now. also flow formed

[ER-3682]

1 hour ago, Wt_know said:

flow formed wheel is better than cast and cheaper than forged

many modder and local tuner will go with flow formed wheel

fully forged wheel is losing the market ... 

Forged lighter or Flow Formed lighter.?

[joshnicc]

so sadd

[Wt_know]

1 hour ago, ER-3682 said:

Forged lighter or Flow Formed lighter.?

of course forged is the best ... but price is also besterest ... lol

[1fast1]

BBS no more wheeler dealers liao. 😢

[shrjun]

11 hours ago, ER-3682 said:

Agreed...but it is a Good Rim...i bought the RI-A last Year,18'' for $1,150 per Pc...while OZ 19'' just costs $3,500 inc PS4s Tyres..

Isn't that stock size for your car.

[ER-3682]

2 hours ago, shrjun said:

Isn't that stock size for your car.

Yes...for M240i.

Edited July 19, 2020 by ER-3682

[Sdf4786k]

On 7/18/2020 at 7:11 PM, Wt_know said:

wah BBS also beh tahan liao ... 

BBS forged wheel is really expensive and not every petrol head can stomach the cost ...  

as the hokkien will say

one cent one type of product.

watch this to understand where your money is going to.

 

[mersaylee]

Some say Bye Bye Soon 

[Beregond]

Super expensive . Forever same design.

u hit a pot hole the rim bend all the same and need replace whole set.

For that amount of money i can buy 3 set of cheaper brand rims like kyowa with the fancy and latest design and still got changes.

 

Edited July 20, 2020 by Beregond

[Wt_know]

another B company that I hope will not has this kind of news

since Brembo also made OEM brakes (at lower grade) for sport/performance car ... i guess they are doing fine

Edited July 20, 2020 by Wt_know

[inlinesix]

58 minutes ago, Wt_know said:

another B company that I hope will not has this kind of news

since Brembo also made OEM brakes (at lower grade) for sport/performance car ... i guess they are doing fine

I changed my previous E39 front rotor to Brembo rotor.

The bite is so much better.

[kobayashiGT]

1 hour ago, Wt_know said:

another B company that I hope will not has this kind of news

since Brembo also made OEM brakes (at lower grade) for sport/performance car ... i guess they are doing fine

I think brembo is fine. They have a diversification of business. They own AP racing too. Plus there is perishable parts for brakes, So there is continuity for the consumers to keep buying their products. Like brake pads and rotors.