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The future not so bright for Recaro and BBS!

PranK

By PranK,
in General Automotive Discussion

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UWISSH! Grand Master

UWISSH!

Posted
Posted
3 minutes ago, MBS206 said:

Nah, just German economics.

Fanatac also gone into liquidation too.
All german companies. :P

Also, I think this is the 7th time BBS has been in Insolvency since 2007.

Fanatec really is up shit creek though owing quite a lot of money

soviet_merlin Mentor

soviet_merlin

Posted
Posted
10 hours ago, GTSBoy said:

Both companies bought by "investment companies" and either got broken while being driven to produce higher than possible profit margins, or asset stripping.

Yeah that's what the cynic in me was thinking as well. Scooped up by investment vultures and driven into the ground to squeeze out the last bit of profit before discarding the company.

GTSBoy Grand Master

GTSBoy

Posted
Posted
12 minutes ago, soviet_merlin said:

Yeah that's what the cynic in me was thinking as well. Scooped up by investment vultures and driven into the ground to squeeze out the last bit of profit before discarding the company.

It's defo what happened. Not the exact same in each case. Remember, this is like the 8th time that BBS has been in "difficulties". Recaro, on the other hand.... we're only talking about the automotive aftermarket part of the company here. The business that makes aircraft seats, bus seats, military vehicle seats, etc etc, is not in trouble. I think the investment company is just being unemotional, purely profit/greed driven and culling BUs that are not making fat profit. The replica stuff won't be helping, because Recaro seats are unarguably too expensive to sell to anything other than a very small market segment.

TurboTapin Experienced

TurboTapin

Posted
Posted

I was in the garage when I first heard of this.... then I looked at my BBS LM's and my Recaro SR3's and chuckled. My car comprises mostly of parts from defunct companies. 

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