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Strained by COVID-19, BBS files for insolvency
BBS GmbH has filed for insolvency in Germany, citing “sudden omission of payments” and pointing to the collapse in aftermarket parts sales during COVID-19.
The news comes at the end of a long recovery period for the racing wheel company, which was founded in 1970 and went bankrupt in 2007, when its foray into higher-volume, lower-cost wheels was met with heated competition from Chinese importers.