BBS Goes Bust!
02-08-2007, 07:22 AM
#1
RAWR!@#
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BBS Goes Bust!
http://www.auto-motor-und-sport.de/n...1854_14055.hbs
Report is in German, but basically BBS was paying out the *** with lots of high aluminum prices and then one of their main supporters bailed out, they had to file for bankruptcy.
Report is in German, but basically BBS was paying out the *** with lots of high aluminum prices and then one of their main supporters bailed out, they had to file for bankruptcy.
02-08-2007, 08:03 AM
#4
He's as bad as Can
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Bable Fish Translation
The enterprise, which equip both the Formel-1-Team von Ferrari with sport rims, and original equipment manufacturer of several automobile companies is, wrapped themselves on Wednesday in silence. As reason for the inability to pay BBS had indicated the resistance of a bank for the rescue solution desired on Tuesday. BBS is considered as Technologierfuehrer to light alloy wheels. The district court Rottweil, then was to be experienced, might still on Wednesday a provisional insolvency manager order. The speaker of the industrial union metal said, one saw good chances for continuing for BBS. Orders are sufficient present. Also give it for the light alloy wheels a good market. The wages for the month January were fully paid. The enterprise produces wheels with 650 coworkers in scold oh and also over 100 coworkers Herbolzheim (circle Emmendingen). World-wide about 1,200 persons work in the BBS company. For the year 2006 BBS had focused a conversion of approximately 200 million euro. Because of high aluminum prices BBS had proven a deficit of 3.8 million euro in the first half-year 2006. BBS had communicated on Tuesday that big customers of the enterprise had been ready the necessary liquidity by larger Vorfaelligkeitszahlungen to place. The conversion of this rescue concept failed however because of the resistance of a bank.
Bable Fish Translation
The enterprise, which equip both the Formel-1-Team von Ferrari with sport rims, and original equipment manufacturer of several automobile companies is, wrapped themselves on Wednesday in silence. As reason for the inability to pay BBS had indicated the resistance of a bank for the rescue solution desired on Tuesday. BBS is considered as Technologierfuehrer to light alloy wheels. The district court Rottweil, then was to be experienced, might still on Wednesday a provisional insolvency manager order. The speaker of the industrial union metal said, one saw good chances for continuing for BBS. Orders are sufficient present. Also give it for the light alloy wheels a good market. The wages for the month January were fully paid. The enterprise produces wheels with 650 coworkers in scold oh and also over 100 coworkers Herbolzheim (circle Emmendingen). World-wide about 1,200 persons work in the BBS company. For the year 2006 BBS had focused a conversion of approximately 200 million euro. Because of high aluminum prices BBS had proven a deficit of 3.8 million euro in the first half-year 2006. BBS had communicated on Tuesday that big customers of the enterprise had been ready the necessary liquidity by larger Vorfaelligkeitszahlungen to place. The conversion of this rescue concept failed however because of the resistance of a bank.
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