BBS on the edge, but a lifeline is on the way
Back in February, we reported on the financial woes of BBS, the maker of delectable rolling stock for everyone from Michael Schumacher to our friend Mike and his Wolfsburg Jetta. Unfortunately, the high cost of aluminum sent BBS into receivership and depending on when you check in, over 35 companies have made bids to buy the preeminent wheel manufacturer. According to Marc Hornung, a lawyer involved in the potential sale, a buyer is likely to be announced in the next two months.Fortunately for enthusiasts and automakers, the company's 830 employees have been able to continue to churn out the instantly identifiable wheels from its factory in Germany while the deal is taking place.
And here's your auto-geek trivia for today, courtesy of Autocar: BBS was founded by Heinrich Baumgartner and Klaus Brand in the town of Schiltach back in the 70s. The combination of the first initial of each man's last name, along with the first letter of the town is what makes up the BBS name.
[Source: Autocar]
Reader Comments (Page 1 of 1)
Kaveh 10:13PM (5/12/2007)
I hope they stay a float, and I hope the new owners keep the wheels the best
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NeoteriX 2:51AM (5/13/2007)
I've been reading about this shortage of aluminum in a lot of different car related contexts, including why Subaru went from an aluminum hood and plastic intake manifold. Can anyone point me to a general article describing what the deal is with increasing aluminum prices, when it started, and the projections of it?
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F451 3:44AM (5/13/2007)
One of my all-time favorite brands, and I am glad to see they are pulling through, but I prefer Champion Motorsport rims these days.
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Matt 2:02PM (5/14/2007)
Good, always loved BBS.
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