GasGas Factory News ?

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Yes, well sort of. Torrot's offer says '3 years feasibility plan', so you can't tell for sure what happens after the 3 years.



And it's going to be a long wait i presume.

Hummm.... from the same news report. Has there been another one?.....


"After the opening of mirrors, now opens a period because the different parts (Administrator, template, etc.) do you want to study. During this time, the Commercial Court can also give an option to the three interested companies to improve the initial proposal. After receiving the reports of the various parts, pertocar? the judge to resolve who will be the new owner of Gas.
 
Exactly...there has been no accepted bid, as the article clearly states, unless I'm missing something in translation. The 3 still have another opportunity to increase their respective offers. But again...when I see an official press release from the union and the factory, then we call it good. Keep in mind this is the same publication that claimed the Swiss investor was the new owner. 24 hours later....a denial. Oops...I should say a "retraction".
 
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OK...So I just got an e-mail from Spain. It is the same message as what is on the FB, and what is basically translated in the news report....that are no offers have been accepted, and the 3 bidders have the opportunity to sweeten the pie. It does NOT say, if there is a time frame on that. There will NOT be any news of the new owner, until the judiciary committee announces it. From what I can share, here is the cut and paste from less than 5 minutes ago.

Good morning,

Today, Wednesday 28 will be opened in the commercial court of Girona binding offers from Torrot, Sherco and IRG investors.
Tenders will be opened and we will hear more about what the future for the workers and for the brand.
We know how gas gas industrial project starts and how many workers begin and under what conditions.

After ten months after stopping activity have been many battles we have fought to have a future. Today it is another battle, no more important or less important than others, but from this, which determines whether to end the social side has won the pulse of partners, banks and legal processes. A situation that over ten months has been both financially and psychologically impoverishing all workers of Gas Gas.

We will be on the lookout and keep you informed as we get information.

We feel really confident since all 3 bidders have great and very professional plans for GasGas what means that we?ll be back very soon!

Thanks for your support throughout the process.
 
When I see it (GG as an independent brand,resuming production, spare parts available) I'll believe it . But these are the best news in months so far, hope it turns out as we all want .
 
When I see it (GG as an independent brand,resuming production, spare parts available) I'll believe it . But these are the best news in months so far, hope it turns out as we all want .
There is no doubt the brand will continue...but I wouldn't expect anything big to happen anytime soon...or at the level allot of use want to see right off the bat. My desire is getting parts inventories back to an acceptable level considering the situation, and having R&D working on 2018 product. Honestly...2017 will be a BNG model at best.

Rising from the dead...you tend to move slow ;)
 
There is no doubt the brand will continue...but I wouldn't expect anything big to happen anytime soon...or at the level allot of use want to see right off the bat. My desire is getting parts inventories back to an acceptable level considering the situation, and having R&D working on 2018 product. Honestly...2017 will be a BNG model at best.

Rising from the dead...you tend to move slow ;)

Hopefully this is good news for you on a professional level. I appreciate the updates and the work you have done to improve the brand. Best of luck and thanks.
 
I've never met you Rod, but hopefully they can straighten this all out and get back to business so that you don't REALLY have to live "In a van down by the river" :) Too many unemployed people already.
 
I've never met you Rod, but hopefully they can straighten this all out and get back to business so that you don't REALLY have to live "In a van down by the river" :) Too many unemployed people already.

I will share why I use that....My first dealership gig back in 84, I actually did live in my van in the dealership parking lot for 9 months. I couldn't afford to pay rent in the town where I worked, and still make a house payment back home, where my wife and new baby were living so...I camped out for nearly a year until our house sold. I lived off bologna and cold chicken noodle soup 5 days a week, took "rag baths" in the men's room each morning, and drove home on weekends to see my family.

Never forget waking up one morning before sun up, reached up to start the engine and let the heater run awhile but nothing happened. Got out to see what the problem was...and someone had stolen the battery out of the van while I was asleep. After that, the dealership owner locked me inside the shop at night and I slept on the floor of an empty office.

The good times....
 
I will share why I use that....My first dealership gig back in 84, I actually did live in my van in the dealership parking lot for 9 months. I couldn't afford to pay rent in the town where I worked, and still make a house payment back home, where my wife and new baby were living so...I camped out for nearly a year until our house sold. I lived off bologna and cold chicken noodle soup 5 days a week, took "rag baths" in the men's room each morning, and drove home on weekends to see my family.

Never forget waking up one morning before sun up, reached up to start the engine and let the heater run awhile but nothing happened. Got out to see what the problem was...and someone had stolen the battery out of the van while I was asleep. After that, the dealership owner locked me inside the dealership at night and I slept on the floor of an empty office.

The good times....

True testament of WORKING for what you want, have and need. This country would be better is more people thought and acted like yourself.
 
True testament of WORKING for what you want, have and need. This country would be better is more people thought and acted like yourself.
Thank you for saying sir. I just had to follow my dream, at any and all cost. That's how much I loved this sport and the business, and still do today. Some people don't understand (even one particular hater here on the forum) but when you have invested 32 years of your life into something your that passionate about....you don't quit or run and hide when times get hard...you stay and fight.

Nuff said. Sorry to have gotten off track.
 
Thank you for saying sir. I just had to follow my dream, at any and all cost. That's how much I loved this sport and the business, and still do today. Some people don't understand (even one particular hater here on the forum) but when you have invested 32 years of your life into something your that passionate about....you don't quit or run and hide when times get hard...you stay and fight.

Nuff said. Sorry to have gotten off track.

Excellently said, good on you Rod :cool: The tenacity and character reflected is something many could take to heart. And I think it's not off track - this is the type of behavior that keeps things alive and moving forward - regardless of the brand associated.
 
True testament of WORKING for what you want, have and need. This country would be better is more people thought and acted like yourself.

I bought my first house when I was 25, I was single and I saved every dollar that I made to make the down payment, I drove a 1971 Plymouth Valiant to work every day, that car was so ugly that my boss made me park it out back behind the office. It had so much rust, that you could throw a cat through both sides of it. I think I drove that thing for about 2 1/2 years. On the good side that thing had hillbilly side pipes and was a rocket. :D
 
Here is another post from the workers union:

Good morning, are difficult times, the current situation in both politics and economics work against a sustainable recovery that stability to a country.
However a brand of motorcycles trying to survive
in this sea of mud which is complex out.
After ten months with a factory shutdown due to a battle of interests between partners and banks, after they exhausted all legal periods it gives a contest, sinking deeper into oblivion brand. After the judicial bureaucracy come into our process and curb further our survival.
We've got a brand wants to acquire our company and provide continuity.
The social part does not stop working and find solutions to survive, as all users who have one of our vehicles, many efforts being made by both workers, suppliers and importers to serve as spares.
You have to understand that in the midst of this process is not being easy, economic hardship is one of them.
We know the importance of continuity, it's our future but also a sector, so choose Torrot, the best, not only economic but because it gives us more choice of vehicles to compete and grow in various markets, a brand subrogated to 55 national workers and that within 18 months recover contracts priority those colleagues who are affected by an ERE.
After almost a year unemployed, the workers' representatives believe we could have gone much worse.
Ja our work is done, we presented today at the commercial court our position by the bidder Torrot. Now is the PWH trustee who has to decide which is the best deal and issue its report, also the judge who must determine and award without delay. If you are not able to award before November 18 we will lose our commercial network.

Link to source
https://www.facebook.com/rltgasgas/posts/1059798590719868:0
 
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