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Buell Forum » Quick Board » Archive through July 20, 2013 » Big EBR News- Hero purchases 49.2% stake « Previous Next »

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Archive through July 02, 2013Cityxslicker30 07-02-13  12:06 pm
Archive through July 01, 2013Hootowl30 07-01-13  06:27 pm
         

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Hughlysses
Posted on Tuesday, July 02, 2013 - 12:20 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Holy crap- I just saw indications of a "phantom" post by Court in the "EBR & Buell in the News" forum. (A "phantom" post is where you see the last username to post in a thread, but when you go to that thread there's no post by that person, apparently because they deleted it right after they posted.)


I do hope he'll chime in here and give us the lowdown, or at least as much as he can.

(Message edited by Hughlysses on July 02, 2013)
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Hughlysses
Posted on Tuesday, July 02, 2013 - 12:38 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Another article:

http://www.biztimes.com/article/20130702/ENEWSLETT ERS05/130709967

Highlights:

"EBR will be adding more employees this year and next year to increase production at its 63,000-square-foot East Troy plant. Buell expects to begin production on the new line by the end of 2013.

“We’ve already been ramping up,” he said. “We’re about 75 employees here now. We’ll be over 100 by late this year.”

"EBR and Hero had been discussing the deal for a long time and the businesses complement each other well, Buell said.
“Basically, we’d been looking for equity for some time,” he said. “We wanted to bring back full scale vehicle manufacturing. It absolutely had to be a minority stake … where I would stay in control.”
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Hootowl
Posted on Tuesday, July 02, 2013 - 02:27 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

"Erik Buell Racing specializes in designing and manufacturing powerful and high-speed custom motorcycles."

Huh?
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Hootowl
Posted on Tuesday, July 02, 2013 - 02:32 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

"Hero MotoCorp will have representations on the EBR board with two directors and one observer."

That answers that.
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46champ
Posted on Tuesday, July 02, 2013 - 06:45 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Wonder how many are on the board if it is 3 that is bad. If it is 5 that is better. If it is 7 or more not a problem.
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Ft_bstrd
Posted on Tuesday, July 02, 2013 - 10:34 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

I would assume 49% stake would mean 49% representation plus a tie breaker at the minimum.
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Midknyte
Posted on Wednesday, July 03, 2013 - 12:24 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

>doesnt seem like his style get over it, its not all about a "big F-U to Harley"

Nope, it ain't and you are correct. I was thinking more of the irony of situation...
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Thumper74
Posted on Wednesday, July 03, 2013 - 02:15 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

I hope this is fruitful. My resume is in with EBR. The winters can't be much worse than they are in Cleveland.
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Panhead_dan
Posted on Wednesday, July 03, 2013 - 07:28 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Think they need an old carpenter for anything?
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46champ
Posted on Wednesday, July 03, 2013 - 09:37 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Dan I think they need an old carpenter to do the same thing that they need an old aircraft mechanic to do buy a new motorcycle when they arrive on the dealer show room floors.

(Message edited by 46champ on July 03, 2013)
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Panhead_dan
Posted on Wednesday, July 03, 2013 - 10:58 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Roger that.
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