Bad news from San Francisco today, as we learn that Alta Motors has ceased business operations, effective immediately, sending the company’s staff home as the electric motorcycle manufacturer looks for future funding.
Talking to an anonymous source, Asphalt & Rubber has been told that Alta Motors is in the midst of a strategic wind down, as it looks for an outside acquisition or investment.
Things don’t look great for Bimota, one of the most iconic motorcycle brands ever created. The happy merger of the talents of Valerio Bianchi (BI), Giuseppe Morri (MO), and Massimo Tamburini (TA), Bimota has a storied past of failure, and a history of rebirth.
Several weeks ago, we covered a report from Cycle World’s Bruno dePrato, which outlined the currently dire state of the company. It seemed that once again that Bimota was falling on hard times, and the future of the brand remained uncertain.
Bimota took issue with this news, naturally.
The Bimota brand has a storied past, from its creation by Valerio Bianchi, Giuseppe Morri, and Massimo Tamburini, to its modern rebirth (several times over).
In between those chapters, we have seen a story born out of the company’s Rimini headquarters that has created some of motorcycling’s most iconic models, but it seems that the Bimota story is set to end.
In a story published by Cycle World, Bruno dePrato reports that Bimota has closed its doors in Italy, and all but officially ceased its business operations.
Withstanding two earthquakes in just over a week’s time, Ducati has announced the closure of its Borgo Panigale factory, after today’s 5.8 magnitude shaker, whose epicenter was just 25 miles away from Bologna.
Remaining open after Northern Italy’s 6.0 earthquake on May 20th, this latest quake has caused enough damage in the area to warrant the Italian motorcycle manufacturer giving its workforce time to address the damage caused, and to see to loved ones who were more extensively affected by the quake that has so far accounted for 15 deaths.
More bad news from the business sector this week, as reports are starting to come in that Big Dog Motorcycles has shut its doors after being taken over by the company’s creditors. With the banks halting the production line, this is effectively the end of one of the largest (if not the largest) custom motorcycle builders in the world. Cyril Huze broke the news on his blog on Monday that the company had closed its doors, but Big Dog President Mike Simmons denied that news on Monday.
However Big Dog dealers have since confirmed that company owner Sheldon Coleman has contacted them, informing them of the bank’s take over, and that the business and production would be ceasing. Coleman is reportedly planning on starting a new company that would supply parts to current Big Dog owners.
As Japan continues to battle with the aftermath from its 9.0 earthquake, the Japanese motorcycle industry has been placed into a holding pattern while the country handles more pressing issues. With news that the Honda, Suzuki, and Yamaha factories would be temporarily shutting down last week, more news has been released updating us on the status with these companies. Issuing current statements are: Bridgestone, Honda, Kawasaki, and Suzuki. Check their statuses after the jump.
This one hits us out of the blue, but according to Cyril Huze, Jesse James has shutdown for good his custom chopper business: West Coast Choppers. If true, it’s not clear what will become of James’ Long Beach based company, but it looks like West Coast Choppers’ frames and parts will be produced by Daytec and Belt Drive LTD respectively, and sold through Custom Chrome. More info as we get it, but considering this news is hitting us during the weekend, we don’t expect to hear much before Monday.
Source: Cyril Huze Blog via Basem Wasef; Photos: West Coast Choppers
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.
Los Angeles County riders may be sad to hear that the famed Angeles Crest Highway will be closed for an unforeseeable duration because of recent fire damage to the roadway.
Because of the Station Fire, more than 40 miles of twisty asphalt heaven have been closed indefinitely because of burned off road stripping, destroyed guard rails, and charred signs, making the road too hazardous to drivers according to Caltrans officials.
Honda Motorcycles has announced that it is closing its Marysville, OH manufacturing plant, home of the Honda Goldwing production line. Over 1 million Goldwings have gone through Marysville since it opened in 1979, and Goldwing owners will likely be distraught that production is being moved back to the mothership in Japan.
Since we only have two Goldwing readers on A&R (Sup Graddy!), the real important news from this announcement is that all Honda motorcycles destined for the United States from this point forward will be imports, in what can only be a move by Honda to reduce production costs on the popular motorcycle.