BBS Files For Bankruptcy

BBS Files For Bankruptcy
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BBS wheels are arguably one of the most famous brands in the automotive industry. Appearing on everything from Volkswagens to Formula 1 race cars, the high-quality German made rims have been a staple of both the “show” and “go” sides of the industry for decades. But reports out of Germany state that BBS filed for bankruptcy on December 30th.

This isn’t the first time that BBS has undergone financial turmoil. In 2007, the company also filed for bankruptcy, and managed to pull through. This time, it appears that the company’s precarious situation got the better of it, although partner company IG Metall was apparently planning a large investment in BBS just before the filing.

[Source: Fourtitude]