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Subject: Local authority in bid to save Buell

Author: Bob

[ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 05:21:35 10/20/09 Tue In reply to: Bob 's message, "Harley-Davidson pulls plug on Buell brand/MV Agusta for sale, as profits drop dramatically" on 05:34:50 10/19/09 Mon Authorities from Walworth County – the Wisconsin home of Buell - are trying to put together a business deal to save the company as a going concern, after parent Harley-Davidson announced the operation was to close. According to Fred D. Burkhardt, executive vice president of the Walworth County Economic Development Alliance, no response has been forthcoming from Buell as yet. Burkhardt added that they have had “Very preliminary contact from an investment group out of the Chicago area and also out of the Minneapolis area.” However, a rescue bid seems unlikely to succeed, as Harley-Davidson director Bob Klein reiterated "We (H-D) are discontinuing the Buell product line rather than selling the business because of how deeply integrated Buell is into our business systems and distribution network." The Buell closure will see the loss in Walworth County of 100 salaried jobs and a further 80 hourly positions. [ Next Thread | Previous Thread | Next Message | Previous Message ]