Italian firm Moto Morini has entered voluntary liquidation after failing to pay its staff or suppliers in September.
Moto Morinis for sale
Morini now enters a period uncertainty tinged with bleakness. Voluntary liquidation is normally a precursor to a firm’s assets being broken up and sold off, but it could trigger the appearance of a buyer for the whole firm.
The news comes as a real surprise – Morini has sold 15% more bikes in the first eight months of 2009 than it did in the whole of 2008, and development work on new models was apparently in full swing.
Only last month the firm was spied testing a rival to the upcoming new Ducati Multistrada in the highly-promising form of the new Granpasso.
No comment has yet emerged from the firm, or UK importers Three Cross, but the firm still has a booking at November’s EICMA show in Milan.
Fingers crossed they make it that far.
Moto Morinis for sale
Morini now enters a period uncertainty tinged with bleakness. Voluntary liquidation is normally a precursor to a firm’s assets being broken up and sold off, but it could trigger the appearance of a buyer for the whole firm.
The news comes as a real surprise – Morini has sold 15% more bikes in the first eight months of 2009 than it did in the whole of 2008, and development work on new models was apparently in full swing.
Only last month the firm was spied testing a rival to the upcoming new Ducati Multistrada in the highly-promising form of the new Granpasso.
No comment has yet emerged from the firm, or UK importers Three Cross, but the firm still has a booking at November’s EICMA show in Milan.
Fingers crossed they make it that far.