If you’re one of the few people who managed to get their hands on 2010 model year Buell XB12X or XB12XT, you may also be 1 of the 23 owners affected by Buell’s recall for the bikes’ incorrectly manufactured right-hand side footpeg.
UPDATE: EBR has officially unveiled the Erik Buell Racing 1190RR
As Erik Buell Racing begins to take shape (the company has now taken over the erikbuellracing.com domain), details about the company are starting to come forth. First up is the news that EBR will offer three race versions of the 1125 platform. The most interesting of these three bikes being the 1190RR, an 1190cc race machine made to take advantage of the latest racing rules for v-twins in the Superbike category at the world level.
After Buell Motorcycles got the axe by Harley-Davidson, it seemed like Erik Buell’s dreams had come to a crashing halt. However with this past weeks announcement of Erik Buell Racing, Erik and his team appear to be rising out of the shutdown of BMC like a phoenix out of the ashes of a fire.
Elaborating further on the official press release, Erik Buell describes his new venture and sets the date for his last day at Buell Motorcycles.
Harley-Davidson, Inc. has just announced that Erik Buell, Chairman and Chief Technical Officer of the soon to be closed Buell Motorcycle Company, will leave the company to establish Erik Buell Racing, an independent motorcycle race shop that will specialize in making 1125R-based racing motorcycles and parts.
UPDATE: Erik has made a video that explains his move to Erik Buell Racing further, and rehashes the information already available in Harley-Davidson’s press release.
The last Buell rolled off the East Troy, Wisconsin assembly line this past November 12th, thus closing the final chapter for the American street bike company. After creating 136,923 motorcycles over the last 26 years, it is a Buell Lightning XB12Scg that will be the last motorcycle to bear Erik Buell’s name.
It’s been a few weeks since Harley-Davidson announced the immediate closure of its subsidiary Buell, where dealers began slashing prices both to liquidate stock and to cash-in on Harley’s $5,000 sale incentive. Basic economics dictates that any time a price is raised or lowered it has repercussions to the product’s resale value, and in the case of Buell’s sudden price drop and dumping of basically new bikes into the market, the consequences for current Buell owners seem dreary. Or are they?
In order to find an answer to that question, we asked Joshua Minix, former government think-tank Economist, and current John M. Olin Fellow in Law and Economics at Harvard Law School, to wade through the implications of Buell’s closure, and how it affects the used Buell motorcycle market. Click past the jump for his analysis.
If you have time this weekend, you might want to take a stop by your local Buell dealer for a screaming deal. We just got this photo sent to us via A&R Streetlevel, and after calling a few shops in the SF/Bay Area we’ve heard some great prices and negotiating salesman on the other end of the phone. We’ve even heard of deals as low at $3,995 for an 1125CR. At that price, it doesn’t matter if Harley-Davidson honors Buell’s warranties, you can by enough parts bikes to your heart’s content.
What do you do when the financial arm of your company goes from making $100 million a year to losing $100 million a year? Why you kill off two other brands in your company of course. That is the move the Keith Wandell and the Harley-Davidson board of directors made yesterday with their announcement of shutting down Buell, and selling off MV Agusta. Realizing that the Harley-Davidson brand accounts for the majority of Harley-Davidson Inc.’s income, Harley-Davidson executives saw there being little choice but to sacrifice its other two holdings to save their namesake.
After releasing grim third-quarter financials today, Harley-Davidson has also announced that it is discontinuing Buell Motorcycles. In a somber video (posted after the jump), Erik Buell confirms the news, and praises the Buell team for taking on the industry giants with “this little American sportbike company.” Buell will continue to sell its motorcycle stock, and Harley-Davidson will continue to honor any warranties and part needs for Buell motorcycles.
Buell Motorcycle will be idling its East Troy plant during the months of November and December. During that time, employees will receive 8 days of paid vacation (and be essentially unemployed the rest of the time), but will retain their full medical benefits. The move by Buell isn’t all that uncommon for manufacturers who are experiencing a slow down in production, but surely sucks that “Happy Holidays” cheer out of the non-unionized shop.