JAKARTA – Bad news has come to automotive aftermarket enthusiasts. Two big names in the industry, Recaro and BBS, are experiencing serious financial problems. The well-known seat company Recaro has filed for bankruptcy, while the iconic rim brand BBS has been declared bankrupt.
Recaro, which is known as a supplier of high-quality seats for major brands such as BMW, Volkswagen, and Porsche, is now on the verge of bankruptcy. So is BBS, which also collaborates with well-known manufacturers such as Mercedes-Benz, Honda, and Audi.
Despite having strong ties with the high-end automotive industry, why did these two companies fall into a financial crisis?
According to a report from CarBuzz, Friday, August 2,…
