The company run by the pair – Liquid Asset Partners LLC – took on the business promising to produce 500 motorcycles per year, continuing Erik Buell’s work in motorcycle manufacturing that, over the past decade, has been bought and sold by Harley-Davidson and tied to Indian company Hero MotoCorp in a WSBK bid that broke down amid accusations of theft.
The Buell Motorcycle Company was founded in 1983 be ex Harley-Davidson engineer Erik Buell, building race motorcycles and selling parts, as well as carrying out engineering consultancy work. In 1993 Harley-Davidson bought 49 percent of the company, and took it on entirely in 2003. By the end of 2006, the business had built more than 100,000 motorcycles.
At the end of 2009, having built a total of 136,923 motorcycles, Harley-Davidson disconnected Buell to focus on the Harley-Davidson brand. Erik almost immediately launched Erik Buell Racing, building the race Buell 1125R and the Buell 1190R. Hero MotoCorp bought 49.2 percent of the company for US$ 25 million in July 2013, bringing both the Buell 1190RX and the Buell 1190SX into production.
Sales of the two machines failed to meet the investment in manufacture and parts, and Erik Buell Racing entered receivership in April 2015. Atlantic Metals Group agreed to purchase the remaining assests of Erik Buell Racing after the bankruptcy, but failed to meet deadlines associated with the purchase, eventually leaving the opportunity for Liquid Asset Partners to step in with what it claimed was a ‘five to ten year vision, financial stability and a plan for profitability’.
Those two motorcycles remained the only two available, prices at US$ 12,995 for the 1190SX and US$ 13,995 for the 1190RX; the aim of the US-built machines being to undercut premium European brands. As it announces the latest closure, EBR says it will ‘continue to honor warranties and provide technical and parts support to current dealers and riders who bought motorcycles manufactured by EBR’. In addition, EBR would ‘continue to review strategic alternatives with interested investors regarding production operations.
‘This difficult decision was based primarily on EBR facing significant headwinds with signing new dealers, which is key to sales and growth for a new company. In addition, EBR has had limited production in 2016 and 2017 that was under goal. The combination of slow sales and industry announcements of other major OEM brands closing or cutting production only magnified the challenges faced by EBR.’
Tooling and excess parts will start being sold off this month. So if you’re looking for some motorcycle specific manufacturing equipment you maybe interested...