Another Automotive Icon Files For Bankruptcy

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He was sentenced to three years of probation and ordered to pay a $600,000 felony fantastic. Hoonigan filing for bankruptcy within the US comes just over a month after the German divisions of automotive seat specialist Recaro and wheel manufacturer BBS did so in their residence markets. “Today’s announcement marks an important step ahead for Hoonigan that will enable us to advance our business main place within the rising automotive aftermarket sector,” Mr Johnston said. As nicely as being a sponsor of Mr Block’s rally racing cars, Hoonigan established itself as one of many largest automotive YouTube channels, featuring car modification content material and different related movies. Hoonigan – the automotive life-style model based by late internet star and motorsport icon Ken Block – has filed for bankruptcy, having wound up with US$1.2 billion (A$1.eight billion) in debt.