With the announcement that Moto Morini would stay open until the end of September, the company bought itself some time to see if any other interested purchasers showed their hand. According to reports, entrepreneur Stephan Franz could be interesting in buying the now bankrupt Italian motorcycle manufacturer, as part of an Italo-Canadian group.

In fact, Franz has reportedly put together a new industrial plan which would relaunch Moto Morini. It almost seems too good to be true, but in a veiled statement from the metal workers union, a spokesperson has said: “Negotiations are underway with various possible buyers. With one of these we are close to finding a union agreement by the end of July.”

After the Nuova Garelli debacle, we’ll believe it when there’s a signature on the dotted line, but at least in the meantime there is room for some hope.

Source | Quanteruote via Motoblog.it

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Italy’s Moto Morini motorcycle company has agreed to stay open until the end of September in a last-ditch attempt to finalise any expressions of interest in its purchase before it finally closes its doors. The move also gives the company the chance to sell-off the last remaining bikes at bargain prices.

Prices of some Morini models are well down on the official sales list, with the Granpasso, for example, selling at just 6,600 euros. All you have to do is fill out a form and fax it directly to the company and then you’re in touch with them for the rest of the process including payment and registration.

It’s a golden but sad opportunity to get yourself what are wonderful motorcycles. If nothing happens between now and the end of September, and after the failed bid from Nuova Garelli we don’t hold out much hope, we’ll be saying goodbye to these historic Italian twin cylinders. For more details, see the Moto Morini site.

Update: Check out MCN for the inventory order form and more details on the bikes going cheap.

Source | Motoblog.it

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Nuova Garelli has walked away from talks over the future of Moto Morini, which now looks like it will shut-down entirely with the only buyer expressing interest apparently offended by the way proceedings developed. A meeting which was scheduled for Monday for interested parties was cancelled and trade union involvement meant that Nuova Garelli still couldn’t reach an agreement particularly with regards to the future of workers.

The historic Italian motorcycle company now looks like it will be left with no future at all, and the trade unions, there to protect workers, have effectively done them out of a job altogether. We can only assume that bankruptcy proceedings will now continue, and Nuova Garelli will walk away feeling like its fingers have been burnt.

In fact, in issuing a statement, Nuova Garelli stated that:

“The meeting of June 14 was cancelled for incomprehensible reasons…. In light of obstacles from the trade unions and the impossibility of reaching an agreement with them, Nuova Garelli feels it must put an end to this affair which could have overtones of a soap opera if it weren’t for seeing bankrupt Moto Morini workers at home and without jobs.”

That would seem like the last word from Nuova Garelli and now we can only sit by and watch Moto Morini close its doors.

Source | Motoblog.it

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