September 23, 2003 |
Investors in Indian Motorcycle Corp. spent more than $145 million to find out there wasn't much demand for its product. The Gilroy, Calif., company that tried to revive the nation's oldest and once most popular motorcycle brand said Monday that it had halted production late last week and fired 380 employees. The move came after a decision by the main investor, Audax Group in Boston, to pull out after pumping more than $45 million into Indian Motorcycle over the last two years.
December 8, 1998 |
A federal judge in Denver said a Canadian and California partnership and not one from Colorado will be granted the right to produce motorcycles bearing the coveted "Indian" brand name. Judge Zita Weinshienk's written decision came 10 days after bike enthusiasts and potential Indian brand distributors attended a court hearing trying to persuade her that the Colorado company, Eller Industries, would be a better choice. But Weinshienk ruled in favor of Imcoa Licensing Co.
January 30, 2002
Indian Motorcycle Corp. says it will complete its journey back into the marketplace this year with the introduction of the 2002 Chief, outfitted with the first Indian-designed engine in 45 years. The new 100-cubic-inch V-twin was engineered at Indian's headquarters in Gilroy, Calif.--near Monterey--and is being built by a custom-engine manufacturing contractor in Livonia, Mich.
November 17, 1998 |
Robert Lutz, the flamboyant former Chrysler Corp. executive who helped spark the auto maker's 1990s renaissance, hopes to use his management prowess to rescue the maker of Diehard batteries. Exide Corp., the world's leading manufacturer of lead-acid batteries for auto and industrial uses, said Monday that Lutz will become chairman, president and chief executive officer Dec. 1. Lutz, 66, is taking over an embattled company that has been under fire for several months.
May 15, 1986 |
Mike Ittner knelt in admiration at the side of the fully restored Indian Chief, examining the classic motorcycle's hand-painted logo, V-twin cylinders and tractor-style seat. Ittner, a Tucson, Ariz., cabinetmaker, was in Southern California on business. But he had arranged to make a pilgrimage to Starklite Cycle in Fullerton--one of only two companies in the nation that specialize in restoring Indian motorcycles.
CALIFORNIA | LOCAL
August 18, 2003 |
On the campaign trail, Arnold Schwarzenegger isn't telling voters what he'll do about taxes. But in at least one speech, he let slip that he stays trim by riding a Lifecycle exercise machine in the morning. He has no stated plans for dealing with traffic congestion or auto pollution, but last week the gubernatorial candidate declared, not for the first time, that he likes Hummers.