Erik Buell Racing closes, files for receivership
http://www.jsonline.com/business/eri...299863281.html
Erik Buell Racing closes, files for receivership
http://www.jsonline.com/business/eri...299863281.html
That is poos. I guess when your cheapest bike is more expensive than everyone else....
Only a Rat can win a Rat Race!
Lol. Merkins can't build bikes.
Physics; Thou art a cruel, heartless Bitch-of-a-Mistress
Erik Buell Racing will cease production of its motorcycle line up and has filed for receivership, the Milwaukee Journal Sentinel has reported.
In a statement, company founder Erik Buell said, “The turn we recently took, after we thought we were moving forward, was unexpected. We thought we had secured funding, but in the end, we were not able to get the funding in place. Therefore we need to do the best we can under the circumstances for all parties in interest."
Those parties include the 126 employees as well as international distributers, dealers and customers.
EBR is now officially closed, with attorney Michael S. Polsky the court-appointed receiver at EBR’s request, and has filed for court protection from creditors.
"To say this setback is a disappointment does not begin to express what I feel right now," Buell said. "I am personally grateful for the support of our outstanding workers, customers and vendors. While this is a sad ending, I personally hope for a new and better beginning."
Erik Buell started Erik Buell Racing following the demise of the Buell brand, previously owned by Harley-Davidson until 2009, when H-D wound the company up. EBR had acquired backing form Hero MotoCorp, selling 49.2 percent of the business to the Indian powerhouse for $25m.
This season was to be Team Hero EBR’s second in the Superbike World Championship, with riders Niccolo Canepa and Larry Pegram sitting 24th and 22nd in the championship following the latest round at Aragon in Spain.
Bugger. I thought he might have nailed it with the latest incarnations. The naked EBR looked good and had the performance numbers in it's favour.
Happiness is a means of travel, not a destination
Imagine my enormous surprise.
I would Guess that his Chineses race team sponsor HERO will take it all over, and also guess that was the plan from the get go. I bet his personell pocket is a ok, Eric is a good bugger with a brain
No surprises there!!
Trumpydom!
So there are limited numbers of cool looking, different bikes out there, which won't be made again, nor will any other bikes carry the Buell badge (presumably)... Future classics.... The only thing missing is any racing championship or 'fastest bike' bragging rights.
Already? Was one of the only 'interesting' American bike companies too.
He's an amazing inventor and engineer. It just doesn't make you a great businessman.
Indian, not Chinese.
"Life is what happens to you while you're busy making other plans." John Ono Lennon.
"If you have never stared off into the distance then your life is a shame." Counting Crows
"The girls were in tight dresses, just like sweets in cellophane" Joe Jackson
Very sad. I don't know what keeps going wrong with such enterprises, but the bikes and Eric deserve a fair go.
You don't get to be an old dog without learning a few tricks.
Shorai Powersports batteries are very trick!
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