Tough news comes from Gas Gas as the Spanish enduro and trial motorcycle manufacturer has not reached an agreement to renegotiate the debts and continue operations.
Gas Gas filed for bankruptcy earlier this year after no investors could be convinced to use their funds to solve the financial problems. Early reports mentioned that Gas Gas needed around €30 million ($32.5 mil) to pay the debts that accumulated over the years. (continue reading >>)
Tuesday, July 21, 2015
Bad News from Gas Gas, Liquidation Is Next
Tough news comes from Gas Gas as the Spanish enduro and trial motorcycle manufacturer has not reached an agreement to renegotiate the debts and continue operations.
Gas Gas filed for bankruptcy earlier this year after no investors could be convinced to use their funds to solve the financial problems. Early reports mentioned that Gas Gas needed around €30 million ($32.5 mil) to pay the debts that accumulated over the years. (continue reading >>)
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