I LOVE BBS WHEELS: The Official BBS Thread

[mimalmo]

BBS Files for Bankruptcy

[danewilson77]

Bad link.

[Marcus-SanDiego]

Link worked for me, DW. Try it again.

[Marcus-SanDiego]

If the company is liquidated, and BBS ceases to exist, BBS wheels will fetch a premium on the market. They will be tougher to find going forward.

If you have them now, don't let them go.

But this article is better. They get texture from the company, which says that it is merely restructuring, not liquidating:

BBS Wheels Files For Bankruptcy… Again

I hope BBS can find a way to stay in business long term. They make beautiful wheels that are well made.

[mimalmo]

Friend of mine that uses their wheels on a race car contacted them and got this reply.

This is BBS' official word, sent by the head of their US operations in GA 1/4/10:

To our valued customers,

BBS has been the recognized leader in the premium wheel category for 40 plus years. As BBS of America, Inc. brings to a close the 2010 year in a much healthier manner; we are very bullish on the 2011 year with a much stronger program in all phases of the North American business.

However, some difficulties have beset our parent company, BBS International GmbH. While not posing any immediate difficulties to our North American operations, we want you to be aware of this information.

BBS International GmbH has filed for Insolvency Protection in what amounts to be a Management Reorganization (similar to our Chapter 11 protection) during a difficult period while in negotiation to sell the one high volume plant in Herbolzheim, Germany. While the sale of this plant (high volume production plant for the OE market) is pending to the Ronal organization, it put undue pressure on credit within BBS International GmbH. This filing will enable BBS International GmbH to continue to do business as usual while the Management is restructured and the sale of the Herbolzheim plant is completed. The sale of the Herbolzheim plant will allow for further investment and streamlining to be made at the Schiltach operation (BBS International GmbH headquarters). The investment in the Schiltach operation will enable BBS to re-focus on its core business of high end Aftermarket, Motorsport and Premium Original Equipment product for the worlds leading automotive manufacturers.

BBS of America, Inc. is in business and is fully operational. The plants in Germany are also fully operational and product is due to be released after this holiday period in the normal manner. The new German product that we have arriving for the spring selling season is still on plan. Our forged wheel business with our partner BBS Japan is also unaffected as we have some new offerings on the forged side of the business also arriving in the spring.

We will do all that is possible to support our customers during this time. We fully expect to continue with our aggressive business plan in 2011.



Hopefully this clears things up. BBS isn't going anywhere anytime soon

[Marcus-SanDiego]

Yep. A nice restructuring, which is likely needed. Union contracts will have to be redone. Current contracts will have to restructured. This is the second restructuring in four years. Hopefully, they can get their cost structure figured out.

Love the company. Love the product.

[mimalmo]

Hopefully they can learn something during their second restructuring.

[danewilson77]

Link worked for me, DW. Try it again.

Yup.....got it...thanks

[Marcus-SanDiego]

Khoa's BBS wheels:

[danewilson77]

Tasty.....