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Buell is done!
- Patton
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- KZr Legend
Good Luck!
1973 Z1
KZ900 LTD
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- Jeff.Saunders
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- Vendor
Harley-Davidson, Inc. today announced a plan to sell the MV Agusta Group. The Italian sportbike supplier, purchased by the Motor Co. in Aug. 2008, has had a tumultuous corporate track record.
2002 - Relaunched in 1997 following 17 years as a shuttered brand, the MV Agusta Group enters the new millennium in serious financial difficulties and, by 2002, is trying to escape court-ordered temporary receivership proceedings.
Oct. 2004 - MV Agusta CEO Claudio Castiglioni strikes a deal with Proton Holdings Bhd to have the Malaysian firm underwrite a €70 million loan. The deal allows MV Agusta to meet all of its outstanding debts with banks and suppliers and return to capital and asset liquidity before a Dec. 31 deadline set by lenders.
Proton becomes MV Agusta's majority shareholder and appoints a managing director. Castiglioni remains as company CEO.
Dec. 2005 - Proton announces a plan to sell its 57.8 percent stake in MV Agusta to Italian investment company Gevi SpA for one Euro plus MV Agusta's $126.8 million debt and $38.5 million working capital requirements. Proton leadership changes during the year, and new corporate directors say they no longer want to fund an operation with what appeared to be a growing debt load.
June 2007 - By now once again 95-percent privately held by the Castiglioni family, the MV Agusta Group sells its Husqvarna brand to BMW.
April 17, 2008 - Harley-Davidson, Inc. says it'll cut 730 jobs and ship 2.5 percent fewer motorcycles this year in measures aimed at offsetting anticipated weakness in the industry.
June 2008 - The Italian firm again, according to Harley-Davidson research, "significantly slowed production due to financial difficulties."
July 14, 2008 - Harley-Davidson, Inc. signs a definitive agreement to purchase MV Agusta Group for €70 million ($109 million).
Harley-Davidson, Inc. CEO Jim Ziemer says the acquisition is intended primarily to expand Harley-Davidson, Inc.'s presence and footprint in Europe, complementing the Harley-Davidson and Buell motorcycle families. H-D plans to continue to operate MV Agusta Group from its headquarters based in Varese, Italy; Castiglioni continues in a leadership role as chairman; design chief Massimo Tamburini continues his leadership of MV Agusta Group's design studio.
Aug. 8, 2008 - Harley-Davidson, Inc. completes the purchase of the MV Agusta Group, which includes the satisfaction of existing bank debt for approximately 45 million euros ($69 million). Harley-Davidson, Inc. now is the parent company for the group of companies doing business as Harley-Davidson Motor Company (HDMC), Buell Motorcycle Company (Buell), Harley-Davidson Financial Services (HDFS) and MV Agusta Group (MVAG). The Cagiva brand also is included in the deal.
Nov. 7, 2008 - Harley-Davidson works to polish the Italian organization in three major areas: 1) the re-start of production, 2) development of a broader model range, and 3) the procurement of a larger dealer base with which to do business.
"Our initial focus has been on the production line, and we're doing very nicely getting to our planned daily production rates," Matt Levatich tells Dealernews during an interview at the MV Agusta factory. Levatich, after having served in a variety of roles for H-D both in the United States and Europe, was tapped to serve as president and managing director of MV Agusta Motor SpA.
How will MV Agusta and Cagiva jive with the Buell brand? "They're a very different product, yet absolutely complimentary," Levatich says. "We don't want to be chasing the same customers. Buell has established itself in a unique position in the streetfighter arena, and there's segmentation based on price."
Dec. 3, 2008 - MV Agusta announces that Design Chief Massimo Tamburini plans to retire from the company, effective Dec. 31. Tamburini has been with Cagiva since early 1985 and has headed up MV Agusta's engineering and design center.
March 23, 2009 - James Ziemer, president and CEO of Harley-Davidson Inc., visits for the first time the MV Agusta and Cagiva headquarters in Italy.
"Harley- Davidson, MV Agusta and Cagiva have a great and common tradition," Ziemer tells workers, "a tradition of creating the world's best motorcycles in the segments where they compete; both companies enjoy unrivalled customer passion for the products and brands; both companies also have extremely talented and passionate employees who want the best for the rider. There are many great strengths already within MV Agusta, and now with the experience and resources of Harley-Davidson, MV Agusta and Cagiva can achieve even greater success in the market more quickly."
May 1, 2009 - Matthew Levatich, president and managing director of MV Agusta, becomes president and COO of Harley-Davidson Motor Co. Enrico D'Onofrio, who joined MV Agusta as corporate general director earlier in 2009 after serving as CFO of Ducati, assumes the post of managing director, MV Agusta.
May 18, 2009 - Enrico D'Onofrio, the newly placed head of MV Agusta, is being investigated for violation of industrial secrets, illicit competition and aggravated theft after leaving Ducati to join competitor MV Agusta. D'Onofrio's house and office are searched. "They have seized only a computer," D'Onofrio's attorney Alexander Diddi tells Italy's ANSA news service.
July 16, 2009 - Dismal business results during the first half of the year are causing Harley-Davidson to cut motorcycle shipments 25 to 30 percent compared to last year, to shut down production for 14 weeks, and to reduce its workforce by an additional 1,000 employees. These cuts come in addition to H-D's plan from earlier this year, which called for a workforce reduction of about 1,400 to 1,500 hourly production positions and about 300 non-production, primarily salaried positions in 2009 and 2010.
Sept. 2009 - MV Agusta unveils 2010 Brutale 990R (MSRP: $15,000) and 1090RR ($18,000), both using designs by the retired Tamburini.
Oct. 15, 2009 - Harley-Davidson, Inc. net income for the nine months ended Sept. 30 was $163.6 million, down 71.6 percent from the year-ago period. The Motor Co. announces move to end production of the Buell line and sell off its recently-purchased MV Agusta business.
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- trianglelaguna
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- New and improved - extra strength
- Posts: 8726
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trianglelaguna wrote:
now even i want a harley
That looks like something between a Ducati Monster and a KTM Duke. There is no way thats a harley. Not enough electronics are rubber mount isolated to be a harley.
1976 KZ900
2003 ZX12R
2007 FZ1000
2004 ninja 250R for wife
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- N0NB
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- Blue handles better
Buy yourself a Triumph guys, plenty of Kawsaki technology there and also made in the UK (F*ck all else is made here these days!)
I would guess that the falling pound sterling makes it cheaper for you to buy a Brit bike.
Tommo
Should I ever get the urge and moola to buy a brand new sickle, Trumpet will definitely be on my list.
Nate
Nates vintage bike axiom: Riding is the reward for time spent wrenching.
Murphys corollary: Wrenching is the result of time spent riding.
1979 KZ650 (Complete!)
1979 KZ650 SR (Sold!)
1979 KL250 (For sale)
1994 Bayou 400 (four wheel peel )
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- Old Man Rock
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1976 KZ900-A4
MTC 1075cc.
Camshafts: Kawi GPZ-1100 .375 lift
Head: P&P via Larry Cavanaugh
ZX636 suspension
MIKUNI, RS-34'S...
Kerker 4-1, 1.5" comp baffle.
Dyna-S E.I.
Earls 10 row Oil Cooler
Acewell 2802 Series Speedo/Tach
Innovate LC1 Wideband 02 AFR meter
Phoenix, Az
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- Bad Kaw
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- Flying Squirell
- Posts: 1750
- Thank you received: 13
Eric Buell: I think the guy might be bi-polar. I met him on two occassions and both times it took the afore mentioned "3 minutes" for me - and every single person within the sound of his voice - to come to the conclusion that he's a pompus opinionated dick-head. Then again, I have several friends who have met him and describe him as a non-judgemental motorcycle enthusiast who has nothing but passion for bikes and helping motorcyclists. ...go figure.
Word is that Bombardier is looking at him for their potential entry into the streetbike market. That'd be a fit. I wish the best for him. He's strangely brilliant; we'll hear from him again, I'm certain.
Buell franchise: Noboby is going to be buying Buell motorcycles as a brand unless some insane purchase agreements were made. HD has too much inter-related technology patented into the Buell brand (especially 'parts') to be able to allow anyone else to make or own the mark (could you imagine anyone besides HD marketing Harley Davidson parts...with their branding???!). HD itself got into some very stupid and risky investment loans [this is NOT the "customer loan" money...the default number there is very tiny and has no impact on HD closing Buell] and is currently setting on around $900 MILLION in shakey loans...wouldn't that suck.
Buell motorcycles: Man I love that new CR. What a good looking and cool bike. Rode one...hated it. I think that with an exhaust and a set of proper handle bars it might re-stimulate me. And some fettling with the fuel injection...it just ain't right...steady throttle at mid-range cruising speeds is impossible...snatchy and surgey (are these words?). I also - unfortunately for the 1125 - rode a Ducati Monster 1100 and an MV Brutale 910R on the same day...what I didn't expect: the Ducati was fantastic(!) , crisp power, grrrrrreat sound (Termig.s) and snappier handling than previous Ducks I'd sampled. But the slam-dunk was the MV...*ghuh!*...perfec riding position, great power, sweet handling, and 'that look'...oh shawiiiiing. Anyway, back to the $6200 1125s...that's a killer deal on a bike with significant potential...still think I'd take an XB though...can't quite even put my finger on 'why' but XBs just stimulate.
Buell Racing: that championship was total bullsh*t and everybody in the AMA knows it...teams, riders, AMA bureaucrats, you name it, it was a bought-and-paid-for championship pure and simple...no secret. I wish it were otherwise, but it's not.
Good luck to all those who pick up a new Buell; they're sure a sweet bike...if I weren't tighter-than-an-air-lock I'd buy one...but alas...I'm a tight bastich!
-KR
Haveing said that...to you guys I say this: The MV Brutale is a very Kawasaki-like bike...ride one, you'll see what I mean. ...and I still get wood over Triumph triples...whattaya do?
78 Kawasaki Z1R
81 Kawasaki KZ1000J (mods)
82 Kawasaki ELR Clone (1000 J)
82 Kawasaki KZ750R1/GPz750 ELR-ed
70 Kawasaki KV75
83 Honda CB1100F (few mods)
79 Suzuki GS1000 (rolling frame / project / junk)
84 Suzuki GS1150ES (modified project)
83 Yamaha XJ900R (project / junk)
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- N0NB
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- User
- Blue handles better
Right now ya hunker down and save your sheckles because this economy is not moving in a positive direction. I don't see this as a "normal" down cycle and despite the sunshine and lollipops being painted over certain economic news, this one is going to be a helluva ride before it's all done. Right now I'm in "maintenance" mode. I'm not going to take on any projects nor laying out a lot of cash for anything. I'm certainly not going to be borrowing money.
When this is all said and done and we know who is left standing, those of us who weathered this storm will have our choice of some nice bikes.
Nate
Nates vintage bike axiom: Riding is the reward for time spent wrenching.
Murphys corollary: Wrenching is the result of time spent riding.
1979 KZ650 (Complete!)
1979 KZ650 SR (Sold!)
1979 KL250 (For sale)
1994 Bayou 400 (four wheel peel )
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- rpiian
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- Live to Ride, Ride to Live
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Word is that Bombardier is looking at him for their potential entry into the streetbike market. That'd be a fit.
A Bombardier built Buell? Now that's something I would buy!
2006 SV1000S
Carbon Yoshi RS3
ZGDB Smoke Windscreen
Sharealike Clutch Basket Mod
Switchable TRE
13300mi
1981 KZ650 CSR H1
Dual "Pro-Burner" Headlights
ZX-6R Taillight
Tapered Head Bearings
Dyna Wires
Rebel Gears 26T Rear Sprocket
V&H 4-1 Exhaust
20100mi
My little streetfighter...
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- Kawickrice
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- After Monday & Tuesday, even the calendar says WTF
- Posts: 2496
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73 Kawasaki Z1
07 HD CVO Ultra Classic
82 Suzuki GS 1100
74 Yamaha RD 350 (My two stroke toy)
77 Kawasaki KZ 650B-1 (My putt around bike)
80 Indian Moped (My American Iron)
1
Long Gone
75 Suzuki GT550
74 GT 380
79 RD 400 Daytona Special
72 Honda CL 175
74 Honda QA 50
Tampa FL
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- rpiian
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- Live to Ride, Ride to Live
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Doesn't Bombardier make the Can-Am reverse trike? or used to.
Think so... They also made the DS650 single cylinder 4-stroke quad. Pure awesomeness. Their snowmachines are nothing to sneeze at either.
2006 SV1000S
Carbon Yoshi RS3
ZGDB Smoke Windscreen
Sharealike Clutch Basket Mod
Switchable TRE
13300mi
1981 KZ650 CSR H1
Dual "Pro-Burner" Headlights
ZX-6R Taillight
Tapered Head Bearings
Dyna Wires
Rebel Gears 26T Rear Sprocket
V&H 4-1 Exhaust
20100mi
My little streetfighter...
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- kawtoy
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Harley Davidson- Turning gas into noise without the harmful affects of horsepower for over 100 years.
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- roy-b-boy-b
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1979 LTD Street Fighter.1977 KZ1000
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