Old news perhaps.... Jan 23 http://www.dealernews.com/dealernew...-awaits-financial-restructuring-plan-approval
From the US importer. We expect a positive announcement next week. I have been on the phone every day with the factory and can tell you, things are working out for the benefit of GasGas.
SP just might be drinking straight shots and wriggling his toes in some comfy loafers he might be wearing (ITL made?) but he'll never get so toasted he buys this company. -- I certainly hope something works out well for them but it's out of my hands ... I'm reduced to show-me-the-baby status.
I just got an email 2 min ago ,the bank funding restructure deals are all done and will be announced in next couple of days officially back on track and in alot better shape in many ways.!!.
Cool bikes with great motors that deserve more attention. And will Bills involved all that much better. Good new Bill, thanks.
This can go any of three ways: - GasGas is declared bankrupt. But restarts with a new investor and loses all debt this way. - KTM takes over. - GasGas just goes bankrupt.
I'd be really surprised if SP wanted a 3rd brand ... Maybe he can't handle his liquor? Never drank with him myself ... But a buyout can come from any identity in the business world. SWM probably has the mula but might take a little time ... I'll hedge that with if he does buy it, it will not sit on the same row as Husky and KTM in that current sweet company block diagram. Bill, all I can smell is sticky finger here so you can count me out .. I might could arrange a Husqvarna only moto or 2 here with a few old Italian Huskies There was also about 5 ~new looking ktms on board at the last race here so seeing a new model Husky is possible ... Maybe I'll make contact next time with some of them and get some Husky opinions from untainted meat ... I'll check the video again but I'm pretty sure the ITL Husky was showing 1 of them the way around the track... It was all bike doing the work in this case. We race again in May on the same track ... The Huskies current home track. In BMP case, buying or selling a bike is always a good thing ...
The CEO of G-G is a big banker guy, hopefully it wasn't some buy it and drive into the ground type big money deal.
would hate to see ktm buy it. They would just slap red plastics on the current models and call the gas gas. I like variety
I have zero at stake here but what are ya suppose think with words like this given out .. Gleeson told ADB Gas Gas had put its foot down and told the banks that enough was enough. The Spanish government stepped in to help the company and, as a result, almost two thirds of the debt has been wiped. Gleeson believes that Gas Gas is actually “in the best financial position it has been for a long time”. As far as Gleeson is concerned, Gas Gas Australia will continue to receive parts and is expecting more bikes in the coming months, including the <WTF>? -- This must be Jackie Gleeson speaking here ...
Nice they wiped out their failures, um debt. I'm sure said government also issued credits to the other motorcycle manufacturers that didnt run their companies into the ground as well.
