Well Start Getting Your BBS Wheels Cause They Might Be Going Under - Mustang Evolution

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Old 02-07-2007, 09:46 PM   #1
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Well Start Getting Your BBS Wheels Cause They Might Be Going Under

Translated version of http://www.automobilwoche.de/apps/pbcs.dll/article?AID=/20070206/DPA/702060376/1060

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)
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Old 02-07-2007, 09:49 PM   #2
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

Is that German or Italian or what?

It sure as hell isn't English (or American, which is what I speak).
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Old 02-07-2007, 09:57 PM   #3
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

yeah i believe it came from some germen website.

Pretty much its stating is they might be going into bankruptcy
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Old 02-07-2007, 10:04 PM   #4
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

Freakin' awesome since i just got mine
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Old 02-07-2007, 10:11 PM   #5
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

figure if they do go under...keep those wheels nice and perfect that way you can turn around and sell them for a profit for someone who wants them

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Old 02-07-2007, 10:16 PM   #6
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

.de = German
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Old 02-07-2007, 10:30 PM   #7
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

btw I am glad they employ humans and not aliens
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Old 02-07-2007, 10:32 PM   #8
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

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btw I am glad they employ humans and not aliens
That is always a good thing
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Old 02-07-2007, 10:33 PM   #9
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

Somebody wiil bail them out. They make to much money not to be aquired by somebody!
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Old 02-07-2007, 11:26 PM   #10
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

^ doubt it

Same thing happen to Weld and well no-one bailed them out

CNC has become a "household" thing people are justing more bling then anything else
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Old 02-08-2007, 12:14 AM   #11
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

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^ doubt it

Same thing happen to Weld and well no-one bailed them out

CNC has become a "household" thing people are justing more bling then anything else
American Racing bought Weld out
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Old 02-08-2007, 12:55 PM   #12
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

does the weld name still exist? like are they still selling weld products? or did they jus buy there division?
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Old 02-08-2007, 01:02 PM   #13
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

Everything I have been reading says the name still exists under American Racing, and are still selling the rims under the Weld name. Lemme see if I can find anything about it
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Old 02-08-2007, 02:48 PM   #14
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

yeah no ****. I thought they just went completly under.
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Old 02-08-2007, 02:57 PM   #15
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

From the Weld website

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Greetings from American Racing

Weld Wheels are among the most well known brands in the aftermarket and race wheel industries. We are committed to continuing the great heritage of Weld Wheels, and providing customers with the highest level of service and quality products.
Just check out the website, Weld Wheel Industries and here is the press release:

American Racing-- News
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Old 02-08-2007, 03:05 PM   #16
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

nice well hopefully someone will help out BBS then
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Old 02-09-2007, 02:36 AM   #17
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Re: Well Start Getting Your BBS Wheels Cause They Might Be Going Under

I'm in the market for new rims, but I don't think they'll be BBS wheels. :chin:
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