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Thread: BBS filing for bankruptcy??

  1. #1
    Shallow and Pedantic Majik's Avatar
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    Default BBS filing for bankruptcy??

    German website
    babelfish translation)

    Update +++ 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 gave on Tuesday (6,2.) the way breaking of a bank on.

    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 Doering 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 1,200 humans in the company.

    Serious liquidity difficulties

    "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 Vorfaelligkeitszahlungen 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.

  2. #2

    Default

    I think I am going cross-eyed with that one.

    Sad to see, but I do think that they are a little bit overpriced.
    05 MX-5 Mazdaspeed #1024 Titanium Gray Mica

  3. #3

    Talking

    Quote Originally Posted by Radio-Active View Post
    I think I am going cross-eyed with that one.
    You'd think some of our other members had posted that!

    Quote Originally Posted by Radio-Active View Post
    Sad to see, but I do think that they are a little bit overpriced.
    Heresy!! Overpriced!! Never... they keep the prices there so that the masses can't all have them.

  4. #4

    Default

    Don't say BBS, it reminds me of how STUPID I was to get rid of my BBS 14's

    "Oh gee, I need some big 'ol 16's instead of these teeny little things, nevermind that they'll weigh ten pounds more!"

    Somebody kick me.
    09 Lexus RX350
    .... no Miata

  5. #5
    Obnoxious at any speed altiain's Avatar
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    Default

    Quote Originally Posted by MadMonkey View Post
    Somebody kick me.
    Ya fix that battery yet?
    Iain

    "We don't stop playing because we grow old, we grow old because we stop playing." - George Bernard Shaw

  6. #6

    Default

    Quote Originally Posted by MadMonkey View Post
    Somebody kick me.
    Everyone please keep this request in mind at the next Tech Day.

  7. #7

    Default

    Quote Originally Posted by altiain View Post
    Ya fix that battery yet?
    I'M WORKIN ON IT!!!!

    Quote Originally Posted by jrj512 View Post
    Everyone please keep this request in mind at the next Tech Day.
    I'll have to go all ::BLee:: on your @$$, Buster.



    09 Lexus RX350
    .... no Miata

  8. #8

    Default

    Is MadMonkey the new Billyblaze? BR? FU Titus?
    Smile
    93' LE #1136 - FM II
    250k miles

  9. #9

    Default

    does this mean i can sell my bbs for a lot since they dont make them anymore?
    2012 VW GTI
    4 Door White

  10. #10

    Default

    Hopefully they'll close out their inventory.

    The BBS LM is my favorite wheel, wouldn't mind getting a set for my wifes GTI!
    Thomas
    V-to-the-Dub

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