Indian Motorcycle Company Runs Out of Money News & Updates Motorcycle…

19 Июн 2015 | Author: | Комментарии к записи Indian Motorcycle Company Runs Out of Money News & Updates Motorcycle… отключены

Indian Motorcycle Company Its Doors


Five into its attempt to revive the Motorcycle brand, the latest of Indian Motorcycles has headed for the hunting ground. The Gilroy, company announced it would its doors on Friday, September 19, after failing to obtain financing to continue operations.

The comes 50 years after the Indian Motorcycle company operations and five years the current entity was created.

The announcement took almost ourselves included, by surprise. The finally seemed to be making based on a meeting we had with it a week before. It has sold motorcycles with rather price tags, about of them in the last year. And it had showed us its 2004 models, seemed to have finally out of the realm of the Harley clone.

We no longer have to apologize or our motorcycles, Fran O’Hagan, executive vice president, us.

The 2004 models were almost entirely of components by and built for Indian. Only the Harley pattern kept it being a completely original With all the proprietary parts, anticipated greater reliabilty, streamlined manufacturing, and significantly performance. Most 2004 were also to see sharp reductions — in the neighborhood of

There was a new model, the Scout Two named for its wider rear which we rode briefly and generally impressed by.

The conditions enabled the current owners to get to the Indian motorcycle name may also contributed to its undoing. The that gave it to them that it produce a significant of motorcycles almost immediately. As a those first Indians little more than clones built by CMC with deep fenders and a couple of logos. The company had been to build a motorcycle using its own in the five years since.

It looked like it was about However, spokemen said trying to manufacture motorcycles and development of future products out to be beyond its financial ability. The that fell through was in the eight-digit range.

The company employed just 400 employees, who were told it was over on Friday.

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