To express what I feel right now," Buell said. "To say this setback is a disappointment does not begin
Hero MotoCorp., the largest motorcycle manufacturer in India, bought a 49.2 percent stake in the company, which had 126 employees. Buell invested his own money into the new venture, the in July 2013, EBR started by producing hand-built $40,000 and was adding the mass-production 1190RS superbike with a price tag closer to $19,000. Bids will be solicited for the company as part of the Chapter 128 process, with the winning bid Polsky will be the court appointed receiverĪt the company's request. Under a state statute which is similar to federal bankruptcy law. The company is closed for now, Buell said, and is seeking protection for more than a decadeīefore Harley dropped the brand in 2009. EBR was a follow-on to Buell Motorcycle Co., which was owned by Harley-Davidson Inc. We need to do the best we can under the circumstances for all parties in interest," Buell said in a statement to the Milwaukee Journal-Sentinel. We thought we had secured funding, but in the end, we were not able to get the funding in place. "The turn we recently took, after we thought we were moving forward, Erikīuell Racing (EBR) has ceased operations and gone into receivership, and is seeking state protection similar to bankruptcy,Īccording to a published report.
Racing closes, company assets up for bidPublish Date: Apr 15, 2015EAST TROY, Wis.