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The Club House => Other => Topic started by: tankhead on April 16, 2015, 06:35:23 am



Title: EBR closes
Post by: tankhead on April 16, 2015, 06:35:23 am
http://www.jsonline.com/business/erik-buell-racing-closes-files-for-receivership-b99481936z1-299863281.html


Title: Re: EBR closes
Post by: Cobalt on April 16, 2015, 06:58:13 am
Sucks. I know lots of people were really hoping at a shot to get an Ax this year.  :thumbsdown:

I'm really not terribly surprised, though. With two big infusions of cash from Hero and such a low volume of sales, this doesn't come as any shock. :(


Title: Erik Buell Racing is no more ....
Post by: FJRider on April 16, 2015, 07:21:07 am
http://www.jsonline.com/business/erik-buell-racing-closes-files-for-receivership-b99481936z1-299863281.html

 :(


Title: Re: Erik Buell Racing is no more ....
Post by: tomek on April 16, 2015, 07:27:28 am
Not unexpected.


Title: Re: Erik Buell Racing is no more ....
Post by: R Doug on April 16, 2015, 09:27:33 am
Yikes.


These should be merged.   :o



https://www.sport-touring.net/forums/index.php/topic,105537.msg2354409.html#msg2354409


https://www.sport-touring.net/forums/index.php/topic,105505.0.html#.VS-4iE10zcs


Title: Re: EBR closes
Post by: Roadscum on April 16, 2015, 11:20:43 am
Obviously EBR built the bike no one bought. Three strike now and I think Buell is gone forever. Last week a local dealer had RX's marked down to $14,999. I wonder what will happen to the dealer inventory.

Paul


Title: Re: EBR closes
Post by: scarecrow on April 16, 2015, 12:31:32 pm
Way to damn pricey.


Title: Re: EBR closes
Post by: Bounce on April 16, 2015, 04:50:49 pm
https://www.sport-touring.net/forums/index.php/topic,105505.msg2354618/topicseen.html#new


Title: Re: EBR closes
Post by: tankhead on April 17, 2015, 02:10:50 pm
Flemgton NJ:yamaha, kawi, EBR dealer

$11,499.00 "closeout prices"  RX AND SX


Title: Re: EBR closes
Post by: mugwump58 on April 17, 2015, 07:58:44 pm
C'mon Polaris
 


Title: Re: EBR closes
Post by: veefer800canuck on April 18, 2015, 06:36:14 am
I doubt anyone is going to step in and buy Buell, again.

Harley should have sold it to BRP/Rotax back when they had an offer on the table.

Funny how Harley said that Buell was "too integrated" to sell off, yet it only took them 90 days to shut it down.


Title: Re: EBR closes
Post by: FJRider on April 18, 2015, 07:57:30 am

C'mon Polaris
 


That would make sense. First, it's a segment of the motorsports industry Polaris is not currently in. Second, it would mesh nicely with their Minnesota, Wisconsin, Iowa manufacturing operations. Third, it's a way they could stick it to Harley.


Title: Re: EBR closes
Post by: Blue is Best on April 19, 2015, 01:24:27 pm
Would you buy one? Heck of a bike and now UNDER $13K at some dealers. But, what happens when service or parts are needed?


Title: Re: EBR closes
Post by: tankhead on April 20, 2015, 06:29:41 am
Now reporting the fire sale has begun......... $9999.00 for new sx  $8999.00 for demos


Title: Re: EBR closes
Post by: Blue is Best on April 20, 2015, 11:01:23 am

Now reporting the fire sale has begun......... $9999.00 for new sx  $8999.00 for demos


WOW!!!!!!! Again I have to ask, would you buy one?


Title: Re: EBR closes
Post by: whodom on April 22, 2015, 09:18:08 pm
EBR may not be done yet:

http://www.asphaltandrubber.com/oped/erik-buell-racing-receivership-explained/


Title: Re: EBR closes
Post by: Roadscum on April 23, 2015, 11:50:39 am
It's over... period!
EBR bikes have sat on showroom floors for a long time and not sold. There are bike with more HP and better technology available at a lower price and they come with a supporting dealer/manufacturer network.

Polaris has a great record and I suspect wouldn't touch Buell with a 10 ft. pole, they have better business sense then to hook up with a three time looser. He couldn't make it alone, he couldn't make with H-D, and looks like he couldn't make it with support from Hero! $20 million in debt, nice work Erik.   :lol:

Paul


Title: Re: EBR closes
Post by: whodom on April 23, 2015, 12:18:48 pm

It's over... period!
EBR bikes have sat on showroom floors for a long time and not sold. There are bike with more HP and better technology available at a lower price and they come with a supporting dealer/manufacturer network.

Polaris has a great record and I suspect wouldn't touch Buell with a 10 ft. pole, they have better business sense then to hook up with a three time looser. He couldn't make it alone, he couldn't make with H-D, and looks like he couldn't make it with support from Hero! $20 million in debt, nice work Erik.   :lol:

Paul


Yes, EBR bikes sat on showroom floors.  Perhaps the lack of any significant marketing might explain that?  (WHY EBR hasn't marketed the hell out of them is a legitimate question.)

Where do you come up with this three time loser crap?  #1 HD came to him and ASKED to buy his company.  How is that "losing"?  #2 Buell operated for ~20 years under HD ownership before they shut Buell down.  That's a better record than a lot of businesses.  #3 EBR may turn out to be a failure, but the jury's still out on that one.

I really thought your boner for Mr. Buell would have subsided by now....


Title: Re: EBR closes
Post by: motrhead on April 23, 2015, 12:42:33 pm

It's over... period!
EBR bikes have sat on showroom floors for a long time and not sold. There are bike with more HP and better technology available at a lower price and they come with a supporting dealer/manufacturer network.


Paul


 I for one hope it is not over. If EBR bikes had made it to Canada for late 2015 as was announced last year, I would have been seriously considering one.
 I think they were right in the thick of things, performance spec and technology wise.


Title: Re: EBR closes
Post by: mugwump58 on April 23, 2015, 04:15:09 pm
http://www.motorcyclistonline.com/erik-buell-racing-ceases-operations-ebr-update-bankruptcy-industry-news?src=SOC&dom=fb


Title: Re: EBR closes
Post by: Roadscum on April 23, 2015, 06:55:54 pm



Yes, EBR bikes sat on showroom floors.  Perhaps the lack of any significant marketing might explain that?  (WHY EBR hasn't marketed the hell out of them is a legitimate question.)

Where do you come up with this three time loser crap?  #1 HD came to him and ASKED to buy his company.  How is that "losing"?  #2 Buell operated for ~20 years under HD ownership before they shut Buell down.  That's a better record than a lot of businesses.  #3 EBR may turn out to be a failure, but the jury's still out on that one.

I really thought your boner for Mr. Buell would have subsided by now....


I harbor no ill will toward Erik, perhaps it's you he gives wood!  :lol:

Yes, a 3 time loser, that's clear to any reasonable man with just a smidgen of business sense.

Buell operated under H-D for only 6 years not the 20 you proclaim. Buell became a wholly owned subsidiary of Harley-Davidson by 2003.
On October 15, 2009, Harley Davidson Inc. announced the end of production of Buell Motorcycles.

Paul


Title: Re: EBR closes
Post by: whodom on April 24, 2015, 05:49:24 am



I harbor no ill will toward Erik, perhaps it's you he gives wood!  :lol:

Yes, a 3 time loser, that's clear to any reasonable man with just a smidgen of business sense.

Buell operated under H-D for only 6 years not the 20 you proclaim. Buell became a wholly owned subsidiary of Harley-Davidson by 2003.
On October 15, 2009, Harley Davidson Inc. announced the end of production of Buell Motorcycles.

Paul


You just seem a little jubilant at the company's current predicament.

Harley acquired 49% of Buell in 1993; they bought the remainder in 2003.  So, 2009 - 1993 =  16 years under Harley.  I still don't get how you can call his initial start and later acquisition by Harley as a loss in any sense of the word.  

Hugh


Title: Re: EBR closes
Post by: naustin on April 24, 2015, 08:01:51 am
Oh yeah - having the business suddenly shuttered in 2009 - and putting all his employees out on the street 2 months before Christmas isn't failure at all.  :rolleyes: :facepalm:


Title: Re: EBR closes
Post by: whodom on April 24, 2015, 08:30:32 am

Oh yeah - having the business suddenly shuttered in 2009 - and putting all his employees out on the street 2 months before Christmas isn't failure at all.  :rolleyes: :facepalm:


I didn't claim the 2009 closure wasn't a failure.  I'm saying the acquisition of Buell's original motorcycle company by Harley starting in 1993 wouldn't be called a failure by a reasonable person.  E.G.- TWO failures, not THREE.


Title: Re: EBR closes
Post by: Roadscum on April 24, 2015, 09:00:47 am



I didn't claim the 2009 closure wasn't a failure.  I'm saying the acquisition of Buell's original motorcycle company by Harley starting in 1993 wouldn't be called a failure by a reasonable person.  E.G.- TWO failures, not THREE.


In 1993 Buell needed a cash infusion, it was on the verge of failure. H-D stepped up bought 49% of Buell to keep it afloat. OK let's call it a potential failure saved by a bailout from H-D, the same H-D that folks like to blame for the next failure. That makes the score 1 bailout and 2 failure, I OK with that.   :eek:   :lol:

Paul


Title: Re: EBR closes
Post by: whodom on April 29, 2015, 08:21:09 pm
Hmm.  What if Erik's current "failure" was deliberately induced by a lying, stealing "partner"?

Quote
Insiders say that Hero has not paid EBR about $20 million owed for engineering and design work EBR did on 13 new Hero models for the Indian market. EBR bore the expense of the engineering and design work, then ran out of operating capital while waiting to be paid for that work, those insiders said.


http://www.roadracingworld.com/news/hero-motocorp-ltd-trouble-in-india/


Title: Re: EBR closes
Post by: veefer800canuck on April 29, 2015, 11:39:59 pm
From Hero to Zero.  :couch:




(hey, somebody had to do it)


Title: Re: EBR closes
Post by: Roadscum on April 30, 2015, 10:03:51 am

Hmm.  What if Erik's current "failure" was deliberately induced by a lying, stealing "partner"?



http://www.roadracingworld.com/news/hero-motocorp-ltd-trouble-in-india/



Sure, place the blame on Hero, why not! Some enjoyed placing the blame on H-D last time around.   :lol:

The fact is Buell Motorcycles are taking up valuable space on the showroom floor, have been deeply discounted to junk bond status........ and the dealer are not happy campers.

Anyone here own one yet?

Paul


Title: Re: EBR closes
Post by: whodom on April 30, 2015, 10:28:08 am
The fact is Buell Motorcycles are taking up valuable space on the showroom floor, have been deeply discounted to junk bond status........ and the dealer are not happy campers.


I'm pretty sure there haven't been any Buell motorcycles on showroom floors in 3 or 4 years.   :facepalm:


Title: Re: EBR closes
Post by: tankhead on April 30, 2015, 02:02:13 pm
Paul, did you read the article posted?  If not, why not?  Buel this Buell that.... it gets old.   :rolleyes:

Fact is Hero didn't pay the company that they have 49% stake in so that they (EBR) had to close operations. It will be possible now to buy the company pennies on the dollar.... however

I doubt a judge will dance with this one but ya never know.......


Title: Re: EBR closes
Post by: mugwump58 on April 30, 2015, 04:35:00 pm
And now the racing is over
http://www.motorcyclenews.com/sport/world-superbikes/2015/april/hero-ebr-withdraw-from-wsb-series/




Title: Re: EBR closes
Post by: Roadscum on April 30, 2015, 08:45:15 pm

Paul, did you read the article posted?  If not, why not?  Buel this Buell that.... it gets old.   :rolleyes:

Fact is Hero didn't pay the company that they have 49% stake in so that they (EBR) had to close operations. It will be possible now to buy the company pennies on the dollar.... however

I doubt a judge will dance with this one but ya never know.......


Yes, I did read the article. It was short on facts . Who are the insiders and why the $$  hold back? Certainty the Buell fans and supports(the insiders?) would be willing to start such a rumor. Big corporations don't welsh on contracts because the risk/cost of damages is very high. IF Hero did not pay the Buell it's likely Buell did not deliver on his end of the deal.

Do you think, just maybe, those bikes sitting on the show room floor have had a impact on revenue? Do you think those dealers are now excited about taking on other Hero products as had been planned? Would he still be getting support from Hero had he sold those that are taking up show room space? The damage has been done, and as usual, Erik has left behind a train wreck.

"Train Wreck", now that would be an appropriate title for his next album with the Thunderbirds.. :lol:

I would like to know your thoughts as to why Erik has yet to be successful in this motorcycle business endeavors?

Paul


Title: Re: EBR closes
Post by: Jesse on April 30, 2015, 09:00:29 pm
 :deadhorse:



Yes, I did read the article. It was short on facts . Who are the insiders and why the $$  hold back? Certainty the Buell fans and supports(the insiders?) would be willing to start such a rumor. Big corporations don't welsh on contracts because the risk/cost of damages is very high. IF Hero did not pay the Buell it's likely Buell did not deliver on his end of the deal.

Do you think, just maybe, those bikes sitting on the show room floor have had a impact on revenue? Do you think those dealers are now excited about taking on other Hero products as had been planned? Would he still be getting support from Hero had he sold those that are taking up show room space? The damage has been done, and as usual, Erik has left behind a train wreck.

"Train Wreck", now that would be an appropriate title for his next album with the Thunderbirds.. :lol:

I would like to know your thoughts as to why Erik has yet to be successful in this motorcycle business endeavors?

Paul



 :deadhorse: sorry I don't have any more fodder for you


Title: Re: EBR closes
Post by: whodom on May 01, 2015, 06:06:11 am
Yes, I did read the article. It was short on facts . Who are the insiders and why the $$  hold back? Certainty the Buell fans and supports(the insiders?) would be willing to start such a rumor. Big corporations don't welsh on contracts because the risk/cost of damages is very high. IF Hero did not pay the Buell it's likely Buell did not deliver on his end of the deal.


Yea, no reason to think Hero would welsh on a deal:  http://www.business-standard.com/article/companies/german-firm-hurls-espionage-charge-at-hero-cycles-114100900030_1.html


Title: Re: EBR closes
Post by: Roadscum on May 01, 2015, 10:22:45 am



Yea, no reason to think Hero would welsh on a deal:  http://www.business-standard.com/article/companies/german-firm-hurls-espionage-charge-at-hero-cycles-114100900030_1.html


Just more accusations and finger pointing but no final judgment either for or against Hero.

I ask again..... Why do you think Erik has yet to be successful in any of his motorcycle business endeavors? Anyone....

Anyone here running out to buy a new Buell at junk bond pricing?

Paul


Title: Re: EBR closes
Post by: whodom on May 01, 2015, 11:06:17 am

I ask again..... Why do you think Erik has yet to be successful in any of his motorcycle business endeavors? Anyone....


What's your definition of success?  Several thousand motorcycles are on the road with the man's name on them built over a period of nearly 30 years; that sounds pretty successful to me.



Title: Re: EBR closes
Post by: Roadscum on May 01, 2015, 02:43:21 pm



What's your definition of success?  Several thousand motorcycles are on the road with the man's name on them built over a period of nearly 30 years; that sounds pretty successful to me.




Some might consider that a measures, of to me success is sustainability, profitability, and products that are in demand.  I wonder what Erik would say?

At one time there was a bunch of Yugo's on the road, success, I think not.

Paul

Paul


Title: Re: EBR closes
Post by: whodom on May 01, 2015, 03:42:45 pm
Some might consider that a measures, of to me success is sustainability, profitability, and products that are in demand.  I wonder what Erik would say?

At one time there was a bunch of Yugo's on the road, success, I think not.


I'd think a more appropriate comparison would be Vincent motorcycles. They produced motorcycles over a similar span of time before going bankrupt, yet I don't see people referring to Phil Vincent as a failure.


Title: Re: EBR closes
Post by: mugwump58 on May 01, 2015, 05:11:21 pm
Ahhh, touché


Title: Re: EBR closes
Post by: veefer800canuck on May 02, 2015, 12:07:47 am



I'd think a more appropriate comparison would be Vincent motorcycles. They produced motorcycles over a similar span of time before going bankrupt, yet I don't see people referring to Phil Vincent as a failure.



^^^^ LIKE


Title: Re: EBR closes
Post by: Roadscum on May 02, 2015, 10:53:49 am



I'd think a more appropriate comparison would be Vincent motorcycles. They produced motorcycles over a similar span of time before going bankrupt, yet I don't see people referring to Phil Vincent as a failure.



Erik is no Phil Vincent, Giancarlo Morbidelli, or John Britten....... but he tried.

Do you think Vincent's sat in on the show room floor at deep discount waiting, and waiting, and waiting for a buyer?

Then you're are happy with the current state of the Buell situation since you've elevated him to Phil Vincent status?  :rolleyes:

Paul


Title: Re: EBR closes
Post by: whodom on May 02, 2015, 01:52:15 pm

Then you're are happy with the current state of the Buell situation since you've elevated him to Phil Vincent status?  :rolleyes


Of course I'm not happy with the current situation.  I doubt Vincent fans were very happy in 1956 either.   ;)


Title: Re: EBR closes
Post by: sagerat on May 05, 2015, 07:51:08 pm
Maybe Erik can write a song as bad as that "He gave her his 1952 Black Vincent to ride" tune that I can't get out of my head sometimes, thanks a lot Dr. Gil.   :lol:


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