FYI - Just caught this post from their Instagram account:
There have been many media reports about BBS GmbH filing for Insolvency last week. Unfortunately, some of the reports have inaccurate information or mis-leading information.
As many of you already know, BBS is made up of two separate companies; BBS GmbH and BBS Japan. To minimize confusion, we have detailed a message below to explain and clear up some of the mis-information.
Last week BBS GmbH filed for Insolvency and released an announcement in an email to all their customers and partners.
We want our customers and business partners to know that BBS of America is stable and will continue to move forward as normal.
The overall downturn of the European OE business has affected BBS GmbH’s OE business and the temporary shutdown due to Covid-19 pandemic have created an even greater challenge for BBS GmbH. As a result, BBS GmbH has filed for Insolvency. Prior to the pandemic, BBS had planned to restructure the size and scope of the business, shifting the business to service more aftermarket customers and reduce the dependence on OE business.
Production of all BBS products will continue with no disruption to BBS aftermarket or OE customers.
It should be noted that BBS Japan and BBS Motorsport are a separate company from BBS GmbH and are not involved in the Insolvency of BBS GmbH.
BBS of America will continue to operate as normal without any supply disruption.
BBS programs with NASCAR and Formula 1 for 2022 are not affected by this insolvency.
We appreciate everyone’s continued support for our brand. Feel free to contact Craig Donnelly or Jesse Hemans if you have any questions.
BBS of America, Inc.
www.bbs-usa.com 800-422-7972
marketing@bbs-usa.com