Death of Moto Morini

Saturday, February 19, 2011



The final stage of the Moto Morini will be on April 13, 2011 at 13:30 as a form of the auction. All the assets making up the business and brands will be sold off. Just like Buell went through a year ago...
The Moto Morini marque, drawings, blue-prints, all production and assembly equipment, office equipment, furniture, company vehicles, components, engines, parts, accessories, clothing, packaging, exempt from the sale will be the finished bikes, both new and used that have been sold during this last year of voluntary liquidation to pay for some of the company’s debts.

The entire plant is scheduled to be on the auction; the bidding starts at € 5,500,000.00. But if there no offers for the entire lot with the property, bids will start € 2,600 .000,00 which will include two years of free use of the buildings.

Hopefully some rich dude buy this company and put Morini back on its feet. Not ending up like Norton or Indian...

source: motoblog.it

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