What to expect for 2016?
- Thread starter desertgasser300
- Start date
VxZeroKnots
Gold Level Site Supporter
I think I will hold on and not jump ship until we get something from Rod or Mark NOT Facebookdam this is getting old
The guy who started that facebook page has a gasgasmotos.es email address so im betting the info is good. The exchange of news and information has changed, some folks adapt others dont.
Personally ive been disappointed with the way ggna has dealt with this. I feel for rod and mark, but they could have been less vauge and more forthright about the situation. Things were handled much better on the trials side imo.
Im not holding my breath for anything groundbreaking from ggna, but would love to be surprised.
Rod Overstreet
Platinum Level Site Supporter
PM sent.
cbutler
Member
Thats funny as hell over on trials central its 15 pages of the same internet BULLSHIT
Its a legal thing lawyers like it that way when they are dealing with that kind of money
Jakobi
Super Moderator
It's very easy to point the finger and say we want to know more.. we want to know more. But I think you'll find in the current state of affairs no one really knows more than what has been told.
The factory isn't producing.
Spares are still operating to a limited extent.
Several investors are watching (and waiting).
At a national level importers/distributers see this as a necessary evil. They may know a little more regarding specifics around figures and investors but that doesn't mean we need to know. If things pan out it will put them in a better position, if not the ship sinks. Stressful much?
At a dealer level, they know very little than the rest of us.
Why stress over it? Enough people already are. The world is full of life cycles. Either things will rebirth and the cycle of cycles will continue, or we'll say our thanks and treasure the moments we had. No use turning ourselves greyer/balder over it.
The factory isn't producing.
Spares are still operating to a limited extent.
Several investors are watching (and waiting).
At a national level importers/distributers see this as a necessary evil. They may know a little more regarding specifics around figures and investors but that doesn't mean we need to know. If things pan out it will put them in a better position, if not the ship sinks. Stressful much?
At a dealer level, they know very little than the rest of us.
Why stress over it? Enough people already are. The world is full of life cycles. Either things will rebirth and the cycle of cycles will continue, or we'll say our thanks and treasure the moments we had. No use turning ourselves greyer/balder over it.
VxZeroKnots
Gold Level Site Supporter
I knew it wasnt going to be a popular post and im 100% in agreement with what you said. Even just a "things didnt go the way we liked but here is what we are doing to keep riders and racers going..." counts for a lot.
Gguk did just that on their official website. (Which I first saw on a trials site)
http://www.gasgasuk.com/gas-gas-uk-ltd-official-update/
If ggna has even publicly or officially acknowledged the liquidation I missed it. Having to scour blogs and translate statements written in other languages due to it being the only info being available does not instill consumer confidence.
This is my opinion as to what id like to see and im not accusing anyone of anything. People are free to disagree and call me out or whatever.
I love my bike and am about to drop major coin to freshen it up for the next 200 hours. It was the first new bike I bought but it wont be the last, and the more choices the better imo.
Fantastic post. A very rational and healthy way to approach this situation.
Liquidation was always the end game for the cat and mouse game the administration was playing. The purpose of all of this was liquidation. It is like a motorbike wreck, "keep riding until you hit the ground". You keep riding in hopes that you lessen the damage or you pull it out in the last second. Now they get to shed their debt and the new owner isn't responsible for the bills. They essentially pay a percentage of the debt, they call it a deal, and the new owner takes ownership of the mill.
In my mind this is a good thing. We finally got to the point where the brand can be sold and rebuilt. The admin makes out like a bandit because they get to thin the work force without being the bad guy. The workers union cannot say shit because the company is liquidated. The union becomes a debtor that only gets a percentage of what they are owed. All the contracts get to be renegotiated and if the union doesn't like it they can swing on "these" (grabbing my crotch).
Bada boom bada bing. Six months later a profitable company springs up with all the gas gas tech and this is just a lot of panic for nothing.
I just wish we would have crowd sourced a couple of million dollars to bring production to the US.
I just wish it would have happened faster.
I bet they only miss out on 2016 for production.
Edit: This could have been in the works since Gas Gas picked up the old husky tech.
In my mind this is a good thing. We finally got to the point where the brand can be sold and rebuilt. The admin makes out like a bandit because they get to thin the work force without being the bad guy. The workers union cannot say shit because the company is liquidated. The union becomes a debtor that only gets a percentage of what they are owed. All the contracts get to be renegotiated and if the union doesn't like it they can swing on "these" (grabbing my crotch).
Bada boom bada bing. Six months later a profitable company springs up with all the gas gas tech and this is just a lot of panic for nothing.
I just wish we would have crowd sourced a couple of million dollars to bring production to the US.
I just wish it would have happened faster.
I bet they only miss out on 2016 for production.
Edit: This could have been in the works since Gas Gas picked up the old husky tech.
GGMNA is not obligated to post business transactions here. And, for obvious reasons they really can't.
Did KTM post up on CafeHusky when they were buying Husqvarna?
Did Suzuki get on the Suzuki forums and post up about them not building bikes a few years ago?
Did GM go on the bowtie forums and say they were getting a Gov't bail out?
We are VERY VERY fortunate that Rod and Mark can contribute to these forums.
Let's give them their due respect.
Just my $0.02
Jakobi
Super Moderator
I don't think Vx is specifically asking for everything to be publicised on the forum. From what I have read they are more along the lines of official news released from the horses mouth, via official means (website), and that chasing the topic here is a secondary, unnecessary, method.
Jakobi
Super Moderator
From the Australian Importer/Distributer:
Regarding the recent news about Gas Gas and insolvency, last week it became official and the companies assets will be sold off to pay creditors.
This at least puts an end to the uncertainty we have experienced up to this point, and actually now makes it possible for the next investor to step forward and purchase what they need, without the debt burden, at the right price, and without the union issues that have been negatively effecting Gas Gas up to this point.
Regarding parts, we are still getting parts from Spain, however, we are also working on establishing direct lines of communication to the suppliers of Gas Gas, so we are not so affected by the sale of the company going forward.
We can only hope that the sale of assets is quick, and we can move forward with the new owners as soon as possible. We were really looking forward to seeing that EC 320 F, with EFI in the 2016 MY. Maybe thats now a 2017 addition to the range.....
We know there were a number of potential buyers of the business, and it is only now that these people can step forward and pick up the assets without the debt.
Lets hope this is all resolved in good time. Jeff
Regarding the recent news about Gas Gas and insolvency, last week it became official and the companies assets will be sold off to pay creditors.
This at least puts an end to the uncertainty we have experienced up to this point, and actually now makes it possible for the next investor to step forward and purchase what they need, without the debt burden, at the right price, and without the union issues that have been negatively effecting Gas Gas up to this point.
Regarding parts, we are still getting parts from Spain, however, we are also working on establishing direct lines of communication to the suppliers of Gas Gas, so we are not so affected by the sale of the company going forward.
We can only hope that the sale of assets is quick, and we can move forward with the new owners as soon as possible. We were really looking forward to seeing that EC 320 F, with EFI in the 2016 MY. Maybe thats now a 2017 addition to the range.....
We know there were a number of potential buyers of the business, and it is only now that these people can step forward and pick up the assets without the debt.
Lets hope this is all resolved in good time. Jeff
If manufactured of high quality I think whoever gets the EC320F is going to have a real hit on their hands. I can see outstanding reviews on that one.
Vindicator
New member
How real is this ? What investors are lining up to buy the "good GG" ? If they do, and I really hope they do
, will they still call it Gas Gas ? Can Gas Gas brand name still be used ? Remember that KTM "killed" Husaberg...
Just as an FYI - I read news reports where both Ducati and MV Augusta had previously made offers to purchase the company... At the time, they were rejected by the board of directors.
This is in addition to the Swiss company that had previously signed a letter of intent.
Jeff
This is in addition to the Swiss company that had previously signed a letter of intent.
Jeff
MV and Ducati both put out exceptional high end products. Probably would keep the Gas Gas name as did MV with Husky. This whole saga could be the begining and not the end me thinks.
Jakobi
Super Moderator
The rumour I have heard is that the Swiss Investor is also the owner of S3, who currently produce most of casting for GG already, and have their factory just over the fence. How much truth there is to it? I don't know.
I don't expect any massive changes to occur over night. It's anyones guess how long the process could take, and what name changes etc may be incurred. Things will be what they are.
I don't expect any massive changes to occur over night. It's anyones guess how long the process could take, and what name changes etc may be incurred. Things will be what they are.
Simmo737
Gold Level Site Supporter
Yeah jake, that was me, I met the owner of the hell team when I bought some s3 bar ends off him this year, he knows everyone over there and goes over a lot. He filled me in on the s3 connection, and detailed how a lot of the castings are outsourced to s3 whom have superior production equipment. I merely speculated that the mysterious Swiss group was s3 as the guy that owns it is Swiss. As an aside he showed me the reiger trials shock and explained how it's truly revolutionary as it has dual speed rebound and other trick stuff.
With the info on Ducati being interested it's all starting to make sense. I think the Israelis have been outmanoeuvred by the banks. I would suggest the Israeli investors saw gg as an eventual industry rationalisation target and we're hoping to get it for a song and sell it on.
If you look at what gg is, it's a brand, with some corporate knowledge/design history of how to build a conventional trials and off-road motorbikes, they also have a spare parts pipeline which is usually the most profitable part. The production line is worthless, the workers (God bless em), unfortunately can be replaced, the parts suppliers will still be there (except marz, but I reckon the pfp fork will miraculously appear with Sachs written on it). So there is no way the banks would liquidate nothing, and destroy a company that was a going concern unless they had a buyer. They usually chapter 11, voluntary receivership or what ever you want to call it and trade out the brand so the recover at least the brand value.
Now onto the bigger picture. Europe has four main motorcycle brands, BMW, Ducati, Triumph and Katovarna. The Japs obviously are huge worldwide, as are Harley.
BMW has road and adventure, and is a tiny slice of a huge CAR company, they tried to move into off-road, but couldn't find the uniqueness/success they needed to maintain their brand flavour and realised that making dirt bikes is harder than you think, and that's why they basically all look the same. They took a big expensive stab at it and showed every other manufacture how not to enter the off-road market then sold it to the biggest off-road manufacture to protect their business from other players (triumph or Ducati).
Ktm 8 years ago moved onto the road, and have expanded their adventure lineup, whilst beginning to own off-road.
Ducati and triumph have both moved into adventure and probably see GG as an easy way into off-road. but not with debt and not with workforce issues. I would not expect a dumb play like BMW did with the g450/449 husky though. They just want market share and somewhere to start.
Why not buy Beta? Family owned company and too expensive, well run so no easy fix capital improvements. Bout the same size as GG so why not buy a bargain.
TM, sherco? Too small, no history.
The Israelis saw this and had a go but the big companies were shrewd enough to see it and the timing (all important as well).
Just my two cents.
Ps, Ducati is owned by AUDI, forgot mention. I forgot to mention piaggio, whom are huge but seldom have had anything off-road at all
With the info on Ducati being interested it's all starting to make sense. I think the Israelis have been outmanoeuvred by the banks. I would suggest the Israeli investors saw gg as an eventual industry rationalisation target and we're hoping to get it for a song and sell it on.
If you look at what gg is, it's a brand, with some corporate knowledge/design history of how to build a conventional trials and off-road motorbikes, they also have a spare parts pipeline which is usually the most profitable part. The production line is worthless, the workers (God bless em), unfortunately can be replaced, the parts suppliers will still be there (except marz, but I reckon the pfp fork will miraculously appear with Sachs written on it). So there is no way the banks would liquidate nothing, and destroy a company that was a going concern unless they had a buyer. They usually chapter 11, voluntary receivership or what ever you want to call it and trade out the brand so the recover at least the brand value.
Now onto the bigger picture. Europe has four main motorcycle brands, BMW, Ducati, Triumph and Katovarna. The Japs obviously are huge worldwide, as are Harley.
BMW has road and adventure, and is a tiny slice of a huge CAR company, they tried to move into off-road, but couldn't find the uniqueness/success they needed to maintain their brand flavour and realised that making dirt bikes is harder than you think, and that's why they basically all look the same. They took a big expensive stab at it and showed every other manufacture how not to enter the off-road market then sold it to the biggest off-road manufacture to protect their business from other players (triumph or Ducati).
Ktm 8 years ago moved onto the road, and have expanded their adventure lineup, whilst beginning to own off-road.
Ducati and triumph have both moved into adventure and probably see GG as an easy way into off-road. but not with debt and not with workforce issues. I would not expect a dumb play like BMW did with the g450/449 husky though. They just want market share and somewhere to start.
Why not buy Beta? Family owned company and too expensive, well run so no easy fix capital improvements. Bout the same size as GG so why not buy a bargain.
TM, sherco? Too small, no history.
The Israelis saw this and had a go but the big companies were shrewd enough to see it and the timing (all important as well).
Just my two cents.
Ps, Ducati is owned by AUDI, forgot mention. I forgot to mention piaggio, whom are huge but seldom have had anything off-road at all
