Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Courtesy of Compomotive mailshot
BBS: production continues despite insolvency
In spite of being on the edge of bankruptcy BBS keep up their wheel production.
Chances are good for German wheel maker BBS that a solution can be found to remain in business. After losing a major client BBS found themselves unable to pay their debts in full anymore. But now it seems that other customers showed their will to support their supplier by paying quickly. Wages have been payed for January, a spokesman of the trade union IG Metall said.
750 employees produce Aluminium and Magnesium wheels in Schiltach and Herbolzheim, Germany. All in all some 1,200 staff work for BBS worldwide. In 2006 the company had some 200 million Euros turnover (appr. £135 million) but due to rising prices for Aluminium there was a loss of 3,8 million Euros (£2,5 million).
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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Hopefully stay afloat
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Steve X16XE
Member
Registered: 31st Dec 06
Location: Barnsley, South Yorkshire
User status: Offline
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I always liked their wheel. Although a bit pricy for me.
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jamesvalver
Member
Registered: 21st Feb 03
Location: Bury St Edmunds, Suffolk
User status: Offline
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just bought some so hope they stay as i need 1more wheel! lol
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davey_jack
Member
Registered: 28th Jan 06
Location: Horley, Surrey Drives: Clio 182
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I hope they stay in business purely because they make lovely high quality wheels, would be a real shame if they went bust!
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Colin
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Registered: 4th Apr 02
User status: Offline
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Good news 
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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TBH it sounds like they are just delaying the inevitable.
Unless they do some major cost cutting and find some new revenue streams ASAP then I doubt they'll be around come summer.
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Colin
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Registered: 4th Apr 02
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I cant see prices going down, more likely up - price of metals has risen 15-25% in the last 18 months!!
More likely they will drop the business down to the bare minimum to keep it going, 1200 workforce is alot for a wheel manufacturer imo!!
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RS6
Member
Registered: 5th Nov 03
Location: with MJ
User status: Offline
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but they do make dam fine alloys!
i really hope they pull through
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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yep, thanks for confirming this ian, some news from our end, vagweb has signed a partnership with bbs, whi ch should allow us two giants to continue in the line of business.
stocks in bbs were up 2.5 against the yen last night following the deal
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by Colin
I cant see prices going down, more likely up - price of metals has risen 15-25% in the last 18 months!!
More likely they will drop the business down to the bare minimum to keep it going, 1200 workforce is alot for a wheel manufacturer imo!!
cost cutting = cut number of workers, etc. etc. Didnt mean lowering prices
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