July 23, 2015 at 5:24 pm #9300
- Location : Hamilton
- Bike : Highly modified Suzuki DR650
It sadly looks like the end of the road for Spanish trials and enduro manufacturer Gas Gas. Those following the story will probably be aware that the company entered into bankruptcy proceedings last month due to being unable to service its debts. It was hoped that this would buy the company time to enter further negotiations with creditors or find a wealthy suitor to take the company over.
That appears to have failed and now the assets will be sold off in an attempt to repay creditors what they’re owed. It would therefore appear that Gas Gas will not be thrown any lifelines and it’s the end of another niche motorcycle manufacturer.
The following is a statement from Gas Gas:
Dear customers, partners and friends,
We will contact you to give you news about the current situation of the company.
As you know, in recent months the company of renegotiating its debt several times in order to continue production. Unfortunately, despite the efforts made ??to achieve this goal, it was impossible to find an agreement and finally the decision was made ??to put the company Gas Gas Motos SA in bankruptcy.
In this process, management, accounts receivable and trade unions working together to get all the necessary information to proceed as soon as the sale of the factory and quickly reach agreement with potential buyers.
The purpose of the sale of the plant is to revive the brand in a way that will allow us to continue to produce our enduro and trial in the future, but also to ensure stability and sustainability.
During the sales process, we will join our efforts to ensure the services in spare parts and after-sales department in order to avoid penalizing our customers.
Gas Gas sincerely thank you for your support during these difficult months and hope you share his total conviction of a positive outcome in the process of selling the plant.
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