February 8, 2007

[Redwood]

-BBS to file bankruptcy
-Q&A: Jon Ikeda, Team Leader on Acura Advanced Sports Car Concept
-Ford Introduces The All New 2008 Taurus X At Chicago (aka Freestyle)
-2007 Chicago Auto Show: Toyota Takes Wraps Off the '08 Highlander
-Is reviving Taurus name a smart move?
-Ferrari F1 Inspired Chopper
-2010 Lotus Esprit Spyshots
-Most Reliable Luxury Cars
-Video of the Pontiac G8 Launchp
-Bentley is king of ultraluxury sales in America
-An automatic transmission can't dull the Quattroporte's sporty qualities
-General Motors Discontinues Production of Buick Rainier - The last remnants of the Aztek go away, finally.
-Tech Watch: Mercedes-Benz Patents Ventilated Taillights
-Chicago Auto Show: Toyota FJ Soft Top
-The 500 HP BMW Alpina B6 Cabriolet
-GM Under Fire: Super Bowl Ad Deemed Unsuitable - I hope GM sticks to their guns and does not pull the ad.
-Austin to Radically Reduce Greenhouse Gas Emissions to Fight Global Warming

[McCall]

Re: February 8, 2007

-BBS to file bankruptcy

haha, did you actually read the Google translation of that obvious German-written article?

BBS announces insolvency

Update +++ the autosupplier BBS automotive technology AG in scold oh (circle Rottweil), one of the prominent manufacturers of light alloy wheels, placed insolvency request. As reason for the inability to pay the enterprise gave on Tuesday (6,2.) the way breaking of a bank on.

A catching solution failed. The technology leader with high-quality light alloy wheels had still briefly before communicated the change at the point of the supervisory board. The former minister of economics of Baden-Wuerttemberg Walter Doering should replace Hans-Peter Hirner (71).

BBS had communicated in August 2006 that the enterprise had to accept a result depression because of aluminum prices snapped the strongly up. The additional tax result sagged in the first half-year on minus 3.8 million euro. For the whole year 2006 BBS had expected a conversion of 200 million euro. The conversion of the yearly 2005 was with 189.8 million euro. BBS employs approximately 1,200 humans in the company.

Serious liquidity difficulties

"although to the time of the filing of an application still promising negotiations were led to the re-establishment of the solvency of the enterprise, were the reason for the filing of an application that the society was come into serious liquidity difficulties and the end of the request period stood, was called after Paragraf 92 of the law on limited companies before the expiration" it in the report of BBS.

A solution for the re-establishment of the solvency appeared last, which should be carried by the big customers of the enterprise. The promise of the big customers to make the necessary liquidity available by larger Vorfaelligkeitszahlungen it was also given. The conversion of the concept failed however at the night to Tuesday because of the resistance of one of the banks involved, although the society granted for the purpose of the continuation of the financing collateral to the financing banks. A catching solution under excluding the bank concerned did not come therefore no more to conditions.