The future not so bright for Recaro and BBS!

[PranK]

Paying the price for the knock off market perhaps? 

 

https://www.drive.com.au/news/recaro-seats-bankrupt-bbs-wheels-insolvent/

 

[MBS206]

Nah, just German economics.

Fanatac also gone into liquidation too.
All german companies.

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

[UWISSH!]

3 minutes ago, MBS206 said:

Nah, just German economics.

Fanatac also gone into liquidation too.
All german companies.

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

[r32-25t]

Maybe VW will be next 

[GTSBoy]

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

[PranK]

2 hours ago, r32-25t said:

Maybe VW will be next 

If only. 🙄

[r32-25t]

7 hours ago, PranK said:

If only. 🙄

Take bmw with it 

[Dose Pipe Sutututu]

Recaro Japan is fine though.

[Yo-Yo]

already noticed ads on fb marketplace wanting to buy up any bbs/recaro stuff 

[soviet_merlin]

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]

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.

[PranK]

3 hours ago, r32-25t said:

Take bmw with it 

Aw c'mon! 

[niZmO_Man]

As long as Enkei and RAYS lives, we'll be fine.

[TurboTapin]

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.