Indian Revival Gets $30 Million
Indian Motorcycle has successfully executed a capital increase of $30 million in order to fund the re-launch of the company and implement its business plan developed during the past two years. This follows the recent announcement that Indian will close on the purchase of a factory near Charlotte, North Carolina, where its world headquarters is now located (see September's V-Twindustry News).
"This capital increase is a clear demonstration of our significant commitment to the successful future of Indian Motorcycle. It ensures that the Company has the proper financial foundation," says Indian's big chief, chairman Stephen Julius. "However, the success of Indian Motorcycle will not be based on capital alone. Recruiting a world-class management team and following the appropriate business strategy are paramount."
In that vein, Indian is formally seeking to hire a seasoned motorcycle executive as general manager for the company. This executive will assume the role of David Wright, former president of the company, who resigned on August 25. Chris-Craft boat exec Steve Heese has taken over as Indian's president while Julius remains executive chairman of the company.
"We wish David every success in his new venture and thank him for his contribution to the company," says Julius, who stresses that there will be no change to the direction and plans for the company following Wright's departure. - Motorcycle Product News
Indian Motorcycle has successfully executed a capital increase of $30 million in order to fund the re-launch of the company and implement its business plan developed during the past two years. This follows the recent announcement that Indian will close on the purchase of a factory near Charlotte, North Carolina, where its world headquarters is now located (see September's V-Twindustry News).
"This capital increase is a clear demonstration of our significant commitment to the successful future of Indian Motorcycle. It ensures that the Company has the proper financial foundation," says Indian's big chief, chairman Stephen Julius. "However, the success of Indian Motorcycle will not be based on capital alone. Recruiting a world-class management team and following the appropriate business strategy are paramount."
In that vein, Indian is formally seeking to hire a seasoned motorcycle executive as general manager for the company. This executive will assume the role of David Wright, former president of the company, who resigned on August 25. Chris-Craft boat exec Steve Heese has taken over as Indian's president while Julius remains executive chairman of the company.
"We wish David every success in his new venture and thank him for his contribution to the company," says Julius, who stresses that there will be no change to the direction and plans for the company following Wright's departure. - Motorcycle Product News
