[HOONIGAN] Bankrupt?! | $1.75 Billion in Debt | Wheel Pros Chapter 11 Restructuring | Hoonigan News
Hoonigan is bankrupt?? With BBS and Recaro recently and now Hoonigan, what is going on in the automotive world with all these financial problems? Well its really nothing new, and much of it gets blown out of proportion, so here's a quick rundown of the automotive news which will keep you informed of the key points which you need to know about Hoonigans (or more accurately 'Wheel Pros') filing for a Chapter 11 Restructuring for their empire of brands, including DUB, Foose, TSW, Rubicon, Asanti, Black Rhino, Motegi, Rotiform, and many many more, to both loosen up $1.2 billion of their $1.75 billion in total debt, as well as (according to them) bringing in $570 million of fresh capitol to improve the situation.
So let's dive into it, and of course subscribe here to HSG Automotive to keep up with key automotive news which you need to know about!...
Check out the Autopian article HERE: https://www.theautopian.com/private-e...
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