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PhillSpace
16 years ago

Here's a piece that KiwiDave posted on our H-DRCGB forum ... thought it might be of interest to any of you waiting for parts etc. Keep up the newshound stuff Dave

"essentially, they have filed for bankruptcy protection and are being bought by the Korean firm which has made parts and latterly RevTech motors for them since the 1980s.

But they are in deep chrome-coated doo-doo.......''assets of $40.9 million and liabilities of $189.7 million''.......hmmmmmm

http://www.dealernews.com/dealernews/Breaking+News/Global-Motorsport-Group-Inc-Agrees-to-Sale-With-Da/ArticleStandard/Article/detail/488291?ref=25

And that's not all. Big aftermarket chopper brand American Ironhorse shuts production....''temporarily''. The last two paragraphs are quite telling

http://www.dealernews.com/dealernews/Breaking+News/American-IronHorse-Says-Whoa/ArticleStandard/Article/detail/489804?contextCategoryId=2704

KiwiDave "

Phil....

GREG
16 years ago

I guess with the US economy headed for recession people have a lot less cash to blow on toys. Better be careful where ya buy your stuff from now, nothen worse than paying up front only to learn a company has gone bust.

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