2015 ebr motorcycles bankruptcy

2015 ebr motorcycles bankruptcy

Erik Buell Racing (EBR) is an American motorcycle sport company which produces street and racing motorcycles, based in East Troy, Wisconsin, business entered receivership in April After two previous attempts, the business remnants were sold in January to Liquid Asset Partners (LAP), an American organization specializing in the purchase and liquidation of failed businesses. Apr 17,  · In case you didn’t already know, Erik Buell Racing filed for bankruptcy on Monday, April 13th, EBR opened up shop in after Harley-Davidson dismantled Buell. Erik Author: Jesse Kiser. Apr 15,  · April 15, April 13, —Erik Buell Racing has closed the doors on its East Troy, Wisconsin, factory after a noon-hour all-company meeting was held to . 2015 ebr motorcycles bankruptcy

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Therefore we need to do the best we can under the circumstances for all parties in interest. The company is seeking protection under a state statute that is similar to federal bankruptcy law. Bids will be solicited for the company as part of the Chapter process, with the winning bid to be determined by a state court. Polsky will be the court-appointed receiver. Any proposed sale is subject to court approval and higher or better bids, according to Polsky. The company anticipates that its assets will be sold, according to a state Department of Workforce Development notice that announced the immediate termination of the employees.

I am personally grateful for the support of our outstanding workers, customers and vendors. Creating a product from scratch is something the longtime entrepreneur knows a lot about, having founded Buell Motorcycle Co.

Buell, an engineer by profession, is known for carrying images of futuristic motorcycles on his cellphone. His company recently patented a horsepower gas-electric motorcycle engine. Total Motorcycle is constantly on the look out for new motorcycle model information, industry rumors and spy shots. Total Motorcycle Community Forums. Belfer stated his intention to work with company founder Erik Buell to re-establish the business as soon as possible, including a manufacturing base in East Troy where Buell previously employed people producing high-end motorcycles.

Motorcycle production resumed on March 1, and the first new motorcycle, a limited edition "Stars and Stripes" themed RX rolled off the assembly line on March 17, Used for professional racing in several race classes, the bike has been a part of several race and championship placings. Like the previous RS, the RX is a sport motorcycle with 1, cc The SX is a streetfighter version of the RX.

Key changes included: different gearing, bike lowered 2 inches, a lower seat height, lower foot pegs, higher bars, and an optional comfort seat. Another street model was hinted on the Erik Buell Racing Website and mentioned in several articles. This model is signified by only two letters, AX.

According to early magazine articles, this would have been an adventure version, based on the same platform as the RX and SX.

In an interview with the editor of Cycle World magazine shortly after EBR entered receivership in April , Erik Buell stated: "We've been working on the mainstream stuff. I can't talk about what was coming, but I will say some of it is much different than anybody would have expected. Stuff that is 18 months away from full-volume production that people would go "Holy s--t! EBR did that?! EBR riders achieved several podium finishes. From Wikipedia, the free encyclopedia.

This article needs to be updated. Please update this article to reflect recent events or newly available information. January Erik Buell Racing EBR Motorcycles, an East Troy bike manufacturer that, a year ago, went through a restructuring similar to bankruptcy, is shutting down…again.

The company, which is the sequel to the Buell Motorcycle Co. The East Troy plant once employed about people until it ceased operations in Bikes were left unfinished on the assembly line when the company filed for Chapter receivership, a state court procedure similar to bankruptcy.

Otherwise, production is ending.

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