EBR Closes / Bankruptcy

[jetlee]

AMCN can confirm EBR falling under receivership was all part of a carefully planned strategy for Indian giant and 49.2 percent part-owner Hero MotoCorp to gain full control of the company.

They "can confirm" yet they didn't.

Indian? Hm. I wonder if they will build an 1130cc air-cooled XB type bike? Or an 1800cc? I'd get in on that.

Hero is headquartered in India, making them an Indian company by nationality. Not the Indian-brand motorcycles.

 

[Hughlysses]

The weird thing is right now we have two almost opposite takes on the receivership:

1- AMCN says this is all part of Hero's master plan to acquire all of EBR.

2- Asphalt & Rubber says Hero would have gone to great lengths to avoid this situation if they intended to acquire all of EBR.

With the former EBR employees out finding jobs as fast as they can, the EBR dealer network in disarray, and signs of an EBR 1190 firesale already starting, (2) makes more sense to me than (1).

Hopefully we won't have to wait a year to find out what happens.

 

[Tbone]

Dang, I get a knot in my stomach everytime I look at this thread. I am just a poor boy and nobody wants me... especially at a stealership. I usually look at the used bikes and haggle like a cheap ass, pointing out as many flaws as possible and always asking for warranties, upgrades, accessories, better new tires, new brakes, etc... during the off season they are more willing to make a sale. I was hoping to be haggling over some used 1190 Buells, preferrably an AX if it ever gets built? Hoping this ends well!

 

[djs2k2]

AX is out of the question until this is sorted out and may never be of things get sour!

 

[Route0766]

May be next year I can afore this baby:

 

[bike30]

Hello guys,

I found one incredible and amazing motorcycles with S&S V-Twin engine 1640cc - 170Nm at 3 000 RPM. Can you imagine it?
This manufacture is French, and the name is Avinton motorcycles . Have a look in their website: www.avinton.fr
see you!!

 

[everyother_time]

I really hate to see EBR go, possibly he'll just bounce back if another company buys him.. I'm over the whole American made aspect of things lately (when especially nothing is American Made anymore). I will definently be watching the 1190RX though, if one around me drops below 10,000 then I'm probably gonna jump on it.

 

[djs2k2]

Bike30- only has two post and is only posting about avinton motorcycles huuuuummmmm?

 

[mrlogix]

^^ that's why I wouldn't click on the link.

 

[Hughlysses]

Didn't those used to be called Voxan's (something like that?). They're very cool bikes, but I'll bet an carbon-edition 1190RS would be cheaper.

 

[Hughlysses]

Post-closure interview with Erik posted this afternoon: http://www.motorcyclistonline.com/e...pdate-bankruptcy-industry-news?src=SOC&dom=fb

“At this time I’m not able to say much at all,” Erik Buell said in a phone interview shortly after the announcement. “What I can say is this—we had what we thought was rock-solid funding in place, and when that deal didn’t come through, we were left with no other option.” Buell would not comment on the status of EBR’s relationship with Hero, financial or otherwise. “It’s just not worth talking about what’s in the past,” he said.

It sure sounds like Hero backed out.

 

[djs2k2]

Fu¢k EM

 

[303xb]

http://m.cycletrader.com/dealers/A&...014-ERIK-BUELL-RACING-1190SX---Demo-113061462

9k. 5mi

 

[GregoXB]

"You can have the best product in the world but if you don't know how to sell it and if you don't have anybody who can sell it for you or tell the public, it's a waste of time the whole thing." -Arnold Schwarzenegger

 

[bbletterin]

There is always "Shark Tank" LOL, might get an offer ya never know.

 

[Hughlysses]

A couple of EBR owners on Badweb say they received letters titled "Notice of Receivership, Bar Date for Filing Claims, and Injunction" from the State of Wisconsin in the mail yesterday. I imagine this is part of the receivership process; they bought bikes that were supposed to be warrantied for 2 years so they have an interest in the outcome of the receivership.

 

[Hughlysses]

^ I think EBR was banking on having Hero motorcycles or EBR-versions of them in their dealerships, and probably a LONG time ago. The head of Hero himself said publicly in 2013 they expected to have their bikes in EBR dealerships in the US in 2014. That would have rounded out EBR's model lineup, helped their dealers tremendously by bringing a whole lot more foot traffic into their stores, and it would have eventually sold more EBR super bikes.

The more I read the more I think Hero backed out of this deal (or strung EBR along with promises) and that was fundamental in EBR's current situation.

 

[Hughlysses]

This deal between Hero and EBR sure seems to bear a lot of resemblance to the Mahindra diesel pickup fiasco of a few years ago. Here's a good summary of that story:

http://forbesindia.com/blog/business-strategy/why-mahindras-pick-up-truck-foray-in-the-us-failed/

 

[Gloomshadow]

you would be correct, sir. Hero never delivered the Hastur or the HX250.. those were going to be the real money makers.

 

[thrstrmech]

well that does shed some light on the situation...really sucks[mad]