Erik Buell Racing Closed Its Doors With $20 Million In Outstanding Liabilities
Erik Buell Racing was created in 2009 when Harley-Davidson decided to drop the brand to focus on its own motorcycles and to reorganize the company. He invested his own money and later received financing from Hero MotoCorp, the largest motorcycle manufacturer in India. A judge will establish the final tally of assets and liabilities and place the company in receivership, trying to find a buyer for the company or selling assets to pay all or part of the creditors. The total amount of EBR’s assets is unknown at this time. Sad day for the motorcycle industry.
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